Esports and online gambling company Esports Entertainment Group (EEG) has named Damian Mathews as new Chief Financial Officer, the business reported on Monday. Mathews is a member of the company’s Board of Directors and Chairman of the Audit Committee. His appointment becomes effective on April 2, 2022, replacing current CFO Dan Marks.
“Damian Mathews brings more than 25 years of global experience, working across banking, private equity and real estate,” said Grant Johnson, CEO of Esports Entertainment Group. “Damian has been a valuable part of the Company’s board since 2020 and we’re confident Damian’s expertise and leadership will make him a critical partner as we execute on our strategic and financial plan for this year and beyond.”
Mathews served as CFO of Qatar and Abu Dhabi Investment Company (QADIC) from 2014 to 2020 and as Director of his own consultancy, NZ Pacific Investments, from 2012 to 2014. From 2009 to 2012, he held various senior management positions at Commonwealth Bank of Australia Group, a press release explains.
The executive has also held various positions “of growing stature” at ABN Amro, Royal Bank of Scotland, Credit Suisse First Boston and KPMG between 1994 and 2009. Mathews holds a joint honors undergraduate degree in Economics and Politics from the University of Bristol in the UK, and is a fellow of the Institute of Chartered Accountants in England and Wales.
We've appointed Damian Mathews as the Company's Chief Financial Officer, effective April 2, 2022.— Esports Entertainment Group (@EsportsEntGroup) March 14, 2022
Read more: https://t.co/ehgT7a9Xm5$GMBL #esports #gaming #GamblingTwitter #NASDAQ pic.twitter.com/bmWjU1NPvc
“I am delighted to accept the appointment as EEG’s Chief Financial Officer,” said Mathews. “The Company has grown rapidly and has immense ambition in the exciting industry of esports. 2022 will be a pivotal and exciting time as we aim to continue to grab market share and develop and enhance our products to drive strong unit economics.”
Mathews further said he believes the company’s product offerings to be “at the early stages” of their growth cycles and well-positioned to capitalize on a sizable market opportunity and evolving consumer behaviors. “I look forward to helping Esports Entertainment Group in its efforts to further expand its market share in the coming year,” he added.
Earlier this month, EEG announced the successful completion of its public offering of common stock and warrants. The company has now raised proceeds of $13.6 million net of underwriting discounts, commissions and estimated offering expenses. New funds will target growth potential produced by the company’s newest esports products, as well as its European-based iGaming and online sports betting businesses.