Sportradar Announces New Organizational Structure for Future Growth
Date: 2024-02-14 Author: Dima Zakharov Categories: SPORTS BETTING
Sportradar Reveals New Organisational Structure
Sportradar Group has undergone a significant organizational transformation with immediate effect. The new structure comprises six key business functions designed to streamline operations and foster collaboration.
1. Product Delivery and Operations Under New Leadership
Warren Murphy, previously the Chief Product Officer, has taken on the role of Chief Delivery and Operations Officer. In this capacity, he will oversee content, product development, and engineering, centralizing these critical functions.
2. Embracing Growth and Innovation
Nick Maywald, formerly the Chief Content Officer, now serves as the Chief Growth and Innovation Officer. His responsibilities include driving growth initiatives and fostering innovation within the company.
3. Commercial Function Centralized
Eduard Blonk, the Chief Commercial Officer, is now responsible for the 'Commercial' function, which encompasses sales, client services, sports partnerships, marketing, and communications.
4. Legal, Risk, and Administrative Services
Lynn McCreary, holding the positions of Chief Administrative Officer, Chief Legal Officer, and Corporate Secretary, will oversee Legal, Risk, and Administrative Services.
5. People-Centric Approach
Severine Riviere-Gerstner has been appointed Chief People Officer, leading the 'People' sector within the organization.
6. Transition in Finance Leadership
Gerard Griffin, the Chief Financial Officer, will continue in his role until May 31 or until a permanent successor is appointed. He has decided to step down for personal reasons.
Chief Strategy Officer Departs
Chief Strategy Officer Ulrich Harmuth will leave Sportradar to pursue other opportunities.
Sportradar CEO Carsten Koerl expressed excitement about the new global organizational structure, emphasizing its alignment with strategic priorities and its potential to enhance efficiency and innovation. He believes that these changes will enable Sportradar to better serve its clients, partners, and capitalize on market opportunities.
Reaffirmation of 2023 Guidance
Despite a decline in profit for Q3 2023, Sportradar remains confident in its fiscal outlook. The company reaffirmed its 2023 guidance, targeting revenue between €870 million and €880 million, along with adjusted EBITDA in the range of €162 million to €167 million. Additionally, Sportradar is committed to achieving at least 20% revenue and adjusted EBITDA growth in 2024.
These organizational changes and the commitment to growth targets signify Sportradar's determination to thrive in the dynamic sports data and technology landscape.
