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Gaming Innovation Group CEO Richard Brown will step down from his position and leave the company by 31 December 2023.

In February, GiG’s board initiated a strategic review with the intention to split GiG into two separate corporate groups: GiG Media and GiG Platform & Sportsbook.

GiG today (29 May) stated that the strategic review is progressing well. GiG Media will continue under its current senior leadership, while the search for a new CEO for Platform & Sportsbook has already begun.

“Richard has done a tremendous job with GiG over the years and the company is in a very good position driving shareholder value going forward,” said GiG chairman Petter Nylander.

“We are pleased that Richard has agreed to stay until the end of the year to secure a smooth transition,” he added.

Eight-year tenure

Commenting upon his departure, Brown said: “It has been a true honour and privilege to be part of Gaming Innovation Group’s development over the past eight years and the last four years as CEO, leading an incredible group of people towards, as I see it, the unparalleled strategic position across the B2B value chain that the group has created.

“I have no doubt that the teams throughout the organisation and the management groups of the respective business units have the skills and passion to continue the growth of the business towards its financial and operational targets”, he concluded.

Brown joined GiG in February 2016 as managing director for GiG’s media business.

After nearly two years, he progressed to chief digital officer and subsequently took the position of chief operating officer.

He became CEO in November 2019 replacing GiG’s former CEO and co-founder Robin Reed.

Prior to joining GiG, Brown worked in various senior and directorial roles in companies such as Highlight Media Group, Web Guide Partner and THG Sports.

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