Publishing a trading statement ahead of its Annual General Meeting, gaming technology giant Playtech said it is beginning the process of identifying a new chairman, with the search being led by current chair Alan Jackson.
In the statement released to the city this morning, and with reference to recent board appointments, Playtech told shareholders: “With these appointments now in place, the board, led by Alan Jackson, will now turn its attention to overseeing a full, thorough succession planning process to identify a new chairman, allowing for a period of stability and integration.”
Jackson (pictured) was appointed to the Playtech board in 2006, upon the company’s flotation on the Alternative Investment Market, and became chairman in October, 2013.
Playtech said in the statement that its board has “evolved significantly” in the last 12 months, “to meet the changing demands of our dynamic industry”.
It seems that, after more than five years in the role, another change is in the offing, although it is unclear whether Jackson is choosing to step down or is being replaced.
The company went on to reiterate the themes and findings of previous announcements relating to recent performance, once again stressing how the shift in focus to regulated markets has influenced B2B gaming revenues.
In summary, Playtech told shareholders: “Finally, management is confident that actions taken in 2018 and in 2019 to date have delivered a strong platform for further strategic and operational progress in 2019 and beyond.
“Management reiterates its previous guidance for 2019 Adjusted EBITDA in the range of €390m to €415m.”