Brian Mattingley announced as new Playtech chairman
Playtech Plc has declared the appointment of Brian Mattingley for the role of the company’s chairman. The company has been looking for a next-in-line for Alan Jackson for over two years now, and has finally found one.
Mattingley has been working with 888 Holdings as Executive Chairman for 15 years, and is now in his last days as he becomes the new chairman of FTSE250 Playtech. He will be leaving 888 in May after he handed over his resignation back in September. The FTSE group has also chosen former New Labour advisor Lord Jonathan Mendelsohn for the vacant position of chairman.
Mattingley spoke of his appointment and stated:
“I’m very pleased to be joining Playtech, at such an exciting time in the Company’s development. Playtech is ideally placed to continue to build on its market leadership position and I look forward to working with everyone at Playtech to drive forward its strategy and capitalise on the opportunities ahead.”
Investors of the FTSE250 company have been voicing their annoyance over the fact that the company was not able to appoint a new chairman for so long.
Jackson officially left the company in May of 2020, and the position has been technically vacant since, with the company hiring non-executive director Claire Milne as Interim Chair, and the company went on to state that it will not be looking for a chairman to fill the position because of the COVID-19 restrictions that were in place. Investors of Playtech will surely now be comforted with the new appointment, as they have been asking for the hiring of an experienced executive to fulfill the duties of the position.
After his appointment, the new chairman will be dealing with the major issues surrounding the fact that the company has had three whole years of bad performance and had its FTSE valuation drop to less than half of what it used to be.