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888 chairman Brian Mattingley steps aside as it seeks CEO – repoerts The Telegraph

888 is currently looking for a replacement for Gigi Levy, who quit as chief executive earlier this month, as doubts continue to surround the company’s on-off £240m takeover by Ladbrokes. Photo: Bloomberg

By Harry Wilson 8:40PM BST 13 Apr 2011Comment

Brian Mattingley gave up both positions, according to a statement from 888, which said the decision was taken “in light of his working closely with management pending the appointment of a new CEO”.

888 is currently looking for a replacement for Gigi Levy, who quit as chief executive earlier this month, as doubts continue to surround the company’s on-off £240m takeover by Ladbrokes.

Michael Constantine, a chartered accountant, replaced Mr Mattingley as chairman of the audit committee, while Amos Pickel, a non-executive director of the company and former chief executive of Atlas Management Company, will take over the chairmanship of the remuneration committee.

Mr Mattingley remains on the board and a member of the two committees.

Mr Levy’s resignation followed a series of disagreements with 888′s founding shareholders – the Israel-based Shaked and Ben Yitzhak families, who own 60pc of the shares.

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This entry was posted on Thursday, April 14th, 2011 and is filed under Gambling Stories. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
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