GiG Unveils Proposed Board Changes as Strategic Split Progresses

Gaming Innovation Group announced that the strategic split of its Media and Platform businesses is progressing well. As part of the process, the company’s nomination committee reviewed and evaluated two separate board compositions, which would optimize the two businesses.

For reference, GiG Media will continue to operate under the current corporate structure. GiG Platform, on the other hand, will be distributed to shareholders later this year and will have a new board elected during the business’ annual general meeting.

Most of GiG’s current board members will join GiG Platform’s initial board, excluding Karolina Pelc, who declined re-election. As a result, GiG Platform’s board will include the following:

Petter Nylander – chair

Nicolas Adlercreutz

Mikael Riese Harstad

Hesam Yazdi

Tomasz Juroszek

Steve Salmon

GiG Media to Sport a Five-Member Board

In the meantime, the nomination committee proposed changes to GiG Media’s board. According to the committee, the business should sport a five-member board, which would include three new members. Mikael Riese Harstad and Hesam Yazdi, on the other hand, should be re-elected, the committee says.

Under this proposal, the GiG Media board will include the following members:

Mikael Riese Harstad – chair

Hesam Yazdi

Cristina Romero de Alba

Mateusz Juroszek

Nicholas Batram

Romero, according to GiG, is a finance and law expert, who is currently serving as a partner at LOYRA. As a leader in M&A and regulatory practices and a specialist in American markets, she is expected to greatly contribute to GiG’s growth in Latin America.

Juroszek, on the other hand, has some 20 years of experience in the gambling sector and has served as the CEO of STS, Poland’s largest bookmaker, for over a decade. During that time, he helped the company grow and facilitated its eventual acquisition by Entain. In addition, Juroszek has invested in a number of gambling ventures and holds over 19 million shares in GiG.

Last but not least, Batram is a long-time Entain employee who recently established a consulting business. During his time with the gambling powerhouse, he played a key role in over 20 transactions totaling approximately $10 billion. In addition to his time at Entain, Batram’s track record also includes 30 years of experience in the finance industry, specializing in Leisure & Gaming. Thanks to his expertise, he was named as the No.1 Leisure & Gaming analyst in the Extel Survey.

GiG Media’s AGM is scheduled for May 22.