In his new position, Mazij will advise the board on strategic matters and help maintain continuity with the company’s main stakeholders during the transition, although Bragg said the role is purely advisory and carries no day-to-day management responsibility. The company hasn’t given a reason for the change.
Mazij founded Oryx Gaming, which Bragg acquired in 2018, and had been CEO since August 2023. He sat on the board from February 2021 until this summer, when he stepped down after shareholders voted 55.67% to 44.33% against his re-election at the annual general meeting.
Matt Davey, Chair of the Board at Bragg, said:
“On behalf of the Board, I want to thank Matevž for his service as Chief Executive Officer and for everything he has built at Bragg. He founded Oryx, successfully merged it into the Company, and has led Bragg through a demanding period in the industry. We are pleased that he will continue to contribute his knowledge of the business in his new role.”
His exit follows a difficult year for Bragg, which saw second-quarter revenue fall 12% year-on-year and withdrew its full-year guidance of €97 million to €104.5 million in revenue after completing its $9 million acquisition of Drayton International in July. The company has also cut its workforce twice this year, and its share price has dropped around 61% since January, ahead of third-quarter results due on November 13.
