According to the announcement no replacement CEO will be made, but current management will take over Loveday’s responsibilities.
The Board of Directors’ statement said: “The company would like to thank David for his many years of contribution to OpenBet’s establishment as a market leader in gaming software, and to extend its best wishes for his future endeavours.
“The existing management team will continue to lead the business with support from Vitruvian Partners. The Board is actively engaged in the search for a new CEO and will make a further announcement when appropriate.”