Smith’s last day at the company will be on 28 November, the same day McGinnis will take over the CFO and Executive Director role.
Smith has been a part of Playtech for the past seven years and nine months. He joined the London-headquartered company in March 2015. He was a lawyer by training and previously worked for Temenos, Deutsche Bank, ABN AMRO Bank, Ashurst, and the Financial Services Authority (now FCA).
“On behalf of the Board, I would like to thank Andy for the contribution he has made to Playtech over the past seven years, and in particular since taking over as CFO in 2017,” said Playtech’s Chairman, Brian Mattingley.
“Andy has played a crucial role at the Company, helping to steer the business through the pandemic, including delivering a record half-year performance in H1 2022 and leading the recent successful refinancing of Playtech's external debt in light of the upcoming bond maturity.”
Indeed, the company's revenue climbed by 73% to €792.3 million in the first six months of 2022, whereas the debt refinancing is expected to save €20 million annually.
“I am delighted that Chris will be joining the Board as CFO,” Mattingley said. “In addition to his deep knowledge of Playtech and the sector, he brings a strong set of financial and strategic skills that will be invaluable as the Company looks to deliver further growth,” he concluded.
Source: GMB
