Chair succession plan and Board changes

Playtech plc (LSE: PTEC) announces that Brian Mattingley has informed the Board of his intention to step down as the Chair and from the Board. Brian will remain in situ for a few months in order to oversee the process to appoint a new Chair and ensure an orderly handover to his successor.

Playtech would like to express its sincere appreciation and gratitude to Brian for his significant contribution since joining the Board in 2021. During Brian's tenure as Chair, he has overseen a period of strong financial performance and strategic progress, including, most recently, the revised strategic agreement with Caliplay and the disposal of Snaitech, which, on completion, will result in the Company's transformation into a predominantly pure-play B2B business.

Board changes

The Board also announces that it has approved changes to the structure of its Committees with effect from 1 March 2025. This includes merging the Regulatory & Compliance and the Sustainability & Public Policy Committees to provide combined oversight of these key areas. From 1 March 2025, the merged committee will be called the Sustainability & Compliance Committee and will be chaired by Linda Marston-Weston, with Ian Penrose and Samy Reeb as ordinary members. Linda will also become a member of the Nomination Committee from 1 March 2025.

As announced on 26 November 2024, Anna Massion is stepping down from her role as a Non-executive Director and Chair of the Remuneration Committee on 28 February 2025. A process to appoint a new Non-executive Director to the Board is ongoing and an update will be provided in due course.

The Board is pleased to announce that Samy Reeb will assume the role of Chair of the Remuneration Committee with effect from 1 March 2025. Samy is currently Chair of the Regulatory & Compliance Committee, as well as a member the Sustainability & Public Policy Committee (and will remain a member of the Sustainability & Compliance Committee until those committees are merged on 1 March 2025). He will also continue to serve as a member of the Audit & Risk Committee.

Brian Mattingley, Non-executive Chairman of Playtech, said:

"It has been an absolute privilege to serve as Chair of Playtech and to help steward the company through an important phase of growth and transition. I am proud of the milestones we have achieved as Playtech prepares to embark on a new chapter as a predominantly pure-play B2B business. It is with that in mind that I feel now is the right time to step down. I would like to thank my fellow Board members, the leadership team and, above all, the wider Playtech family for their passion and commitment."

Mor Weizer, Chief Executive Officer of Playtech, said:

"Brian has been an outstanding Chair, offering invaluable guidance, constructive challenge and unwavering dedication to the team during a time of significant transformation at Playtech. We have benefitted enormously from his strong relationships across the industry, and his depth of knowledge and experience. His presence on the Board will be greatly missed, and we wish him the very best."