GiG CEO Richard Brown Transitions to Board Advisory Position
Date: 2023-09-18 Author: Dima Zakharov Categories: PEOPLE
In a major strategic move, Gaming Innovation Group (GiG) has announced that its CEO, Richard Brown, will be stepping down from his role to take up a board advisory position until December 31, 2023. This transition, effective immediately, is a crucial part of GiG's long-term restructuring plan aimed at unlocking the full potential of its business units and enhancing their strategic and financial flexibility.
Brown Leaves a Legacy of Success
GiG's decision to split into two distinct companies is expected to fuel accelerated growth compared to its current structure. To facilitate this transition and ensure the success of each business unit, GiG has made significant leadership changes, with Richard Brown graciously stepping down from his position as CEO.
Petter Nylander, GiG's Chairman of the Board, will serve as the Executive Chairman during this transitional phase until the proposed split, overseeing the company's strategic review. He expressed gratitude to Brown for his contributions and for accepting the board advisory role to ensure a seamless transition.
"We want to thank Richard for his valuable contributions to GiG over the years. We are pleased that Richard will be available until year-end to secure the succession," said Petter Nylander, GiG Executive Chairman.
This arrangement will provide the new leadership teams with the autonomy and mandate to efficiently lead their respective business units while benefiting from Brown's ongoing support. Brown himself stated that GiG is currently at its peak, making it the perfect time for him to step down. He expressed confidence in his successors' ability to preserve the company's legacy and drive future success.
The New CEOs Will Ensure a Smooth Transition
Richard Carter will lead GiG's Platform & Sportsbook business unit and is expected to gain full autonomy after the planned split. Having assumed the CEO position in August, Carter brings knowledgeable and experienced leadership to this crucial division. His expertise will play a key role in ensuring the enduring success of GiG's software-as-a-service (SaaS) vertical, which serves over 40 business partners in 35 markets worldwide.
Jonas Warrer will continue to lead GiG Media as its CEO. With his experience and expertise, Warrer will be instrumental in maintaining the enduring popularity of the GiG brand and laying the groundwork for new collaborations. His contributions have been crucial to several of the company's recent partnerships, so both new divisions appear to be in capable hands.
"We now have two strong CEOs with full operational responsibility for each business unit," emphasized Petter Nylander, GiG Executive Chairman.
While GiG's strategic decision to split the company presents short-term challenges, the company's leadership position and track record of success provide a solid foundation for this transition. Brown's shift to an advisory role is a pivotal part of this strategy, enabling GiG to navigate this challenging period smoothly.
Brown Leaves a Legacy of Success
GiG's decision to split into two distinct companies is expected to fuel accelerated growth compared to its current structure. To facilitate this transition and ensure the success of each business unit, GiG has made significant leadership changes, with Richard Brown graciously stepping down from his position as CEO.
Petter Nylander, GiG's Chairman of the Board, will serve as the Executive Chairman during this transitional phase until the proposed split, overseeing the company's strategic review. He expressed gratitude to Brown for his contributions and for accepting the board advisory role to ensure a seamless transition.
"We want to thank Richard for his valuable contributions to GiG over the years. We are pleased that Richard will be available until year-end to secure the succession," said Petter Nylander, GiG Executive Chairman.
This arrangement will provide the new leadership teams with the autonomy and mandate to efficiently lead their respective business units while benefiting from Brown's ongoing support. Brown himself stated that GiG is currently at its peak, making it the perfect time for him to step down. He expressed confidence in his successors' ability to preserve the company's legacy and drive future success.
The New CEOs Will Ensure a Smooth Transition
Richard Carter will lead GiG's Platform & Sportsbook business unit and is expected to gain full autonomy after the planned split. Having assumed the CEO position in August, Carter brings knowledgeable and experienced leadership to this crucial division. His expertise will play a key role in ensuring the enduring success of GiG's software-as-a-service (SaaS) vertical, which serves over 40 business partners in 35 markets worldwide.
Jonas Warrer will continue to lead GiG Media as its CEO. With his experience and expertise, Warrer will be instrumental in maintaining the enduring popularity of the GiG brand and laying the groundwork for new collaborations. His contributions have been crucial to several of the company's recent partnerships, so both new divisions appear to be in capable hands.
"We now have two strong CEOs with full operational responsibility for each business unit," emphasized Petter Nylander, GiG Executive Chairman.
While GiG's strategic decision to split the company presents short-term challenges, the company's leadership position and track record of success provide a solid foundation for this transition. Brown's shift to an advisory role is a pivotal part of this strategy, enabling GiG to navigate this challenging period smoothly.
