888 Holdings Backs Re-election of Chair Brian Mattingley
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Online gambling group 888 Holdings has backed the re-election of Chair Brian Mattingley saying Mattingley’s deep knowledge of gambling industry will benefit all shareholders.
The primary reason for the vote against re-election of Mattingley was the length of Mattingley’s tenure as a director of 888. Mattingley joined the 888’s board in August 2005 and since then has served as chief executive, non-executive director, executive chair and non-executive chair.
“The board’s decision to retain Mr Mattingley as its non-executive chairman reflects the significant value he brings to the board, including in particular his wealth of gambling industry and public company experience, deep knowledge of the business and industry contacts. The board believes Mr Mattingley’s continued tenure as non-executive chairman benefits all shareholders,” 888 Holdings said.
“The board recognises the importance of future succession planning and was recently strengthened through the appointment of Mr Mark Summerfield as a non-executive director and chairman of 888’s audit committee on 5 September 2019. The company continues to look at potential additional non-executive director appointments to the board and will seek to provide a further update on this matter by its next annual general meeting in May 2020,” 888 Holdings added.
Source: Latest News on European Gaming Media Network
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