CEO Brian Mattingley to become chairman
888 to rearrange management team in 2015
2014-08-28
Reading time 38 seg
(UK).- 888 Holdings announced that CEO Brian Mattingley is to step down from the day-to-day running of the company next year and become chairman as part of a management reshuffle. 888 will promote current COO ItaiFrieberger to CEO in January 2015.
After three years as CEO, Mattingley, will take over from current non-executive chairman Richard Kilsby who is set to retire next year. The move was announced as 888 reported a 27 percent rise in earnings (EBITDA) to US$ 49m in the six months to June 30. Revenues rose by 13 per cent to US$ 225.1 million in the same period.
Mattingley said of the results: "Whilst the outcome for the full year will be dependent on trading in the second half we continue to look forward with confidence as we further develop the business.” He added that trading in New Jersey had been slower than anticipated but he believed that business would pick up as the authorities relaxed some constraints.
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