Playtech promotes Chris McGinnis to CFO as Andrew Smith exits leadership
The board of Playtech Plc has notified investors of Andrew Smith’s decision to step down as Chief Financial Officer (CFO) of the FTSE250 gambling technology group.
By mutual agreement, Smith will leave the business on 28 November, ending his seven-year tenure as Playtech Group CFO.
Playtech informed that Smith had chosen to leave the company due to ‘personal reasons’, with Chairman Brian Mattingley thanking him for his leadership.
“On behalf of the board, I would like to thank Andy for the contribution he has made to Playtech over the past seven years, and in particular since taking over as CFO in 2017,” Mattingley said.
“Andy has played a crucial role at the company, helping to steer the business through the pandemic including delivering a record half year performance in H1 2022, and leading the recent successful refinancing of Playtech’s external debt in light of the upcoming bond maturity.
“We wish him all the best in his future endeavours.”
Following the departure, Playtech will promote current deputy Chris McGinnis to replace Smith as Group CFO and Executive Director.
McGinnis has served as Playtech’s Director of Investor Relations and Strategic Analysis since 2018. Prior to becoming a Playtech director, McGinnis served as Head of Strategic Analysis overseeing financial planning for the group’s global technology units.
Mattingley added: “I’m delighted that Chris will be joining the board as CFO. In addition to his deep knowledge of Playtech and the sector, he brings a strong set of financial and strategic skills that will be invaluable as the company looks to deliver further growth.
Source: SBC News
