Kilsby and Mattingley to step down from 888 roles

27 August 2014

Richard Kilsby and Brian Mattingley are set to step down from their respective roles at 888 with Mattingley set to become executive chairman of the Board.

Kilsby has been with 888 for the nine years and will retire as non-executive chairman of the Board following the company's 2015 Annual General Meeting.

At the same time Mattingley will step down as 888 chief executive and will be appointed as executive chairman of the Board.

Chief operating officer Itai Frieberger and chief financial officer Aviad Kobrine will become directors of 888 on 1 January 2015, with Frieberger continuing to handle the group’s day-to-day operations.

Amos Pickel, chairman of the 888’s nominations committee, said: “Itai has spearheaded the re-focusing of 888 over recent years and, together with Aviad and Brian as Executive Chairman, we feel confident that we have an industry-leading team to continue 888's growth and development in the years to come."

Commenting on Richard Kilsby's retirement, Mattingley said: "The Board would like to thank Richard for the outstanding leadership shown during his nine-year tenure. Richard has announced his retirement at a time when 888 has delivered another record-breaking set of results, driven by the continued strength of our core products and markets underpinned by our best-in-class technology, analytical capabilities and innovative marketing, as well as the efforts of our exceptional team.”

888’s board of directors has approved the payment of an interim dividend of 3.5 cents per share to holders of 888's ordinary shares, setting a record date of 5 September 2014 and a payment date of 1 October 2014.

Related article: 888 posts record H1 revenue