Itai Frieberger the CEO of gambling group 888 Holdings, the parent company of 888.com steps down as CEO of the company after 14 years service with the group. With Frieberger being replaced by 888’s Chief Operating Officer Itai Pazner.
888 Holdings announced this morning that Frieberger will remain as a director of the group to ensure a smooth handover.
Itai Frieberger, outgoing CEO of 888, commented: “Being CEO of 888 and working with our team of highly skilled and committed colleagues has been a tremendous honour. We have so many great people, partners and investors around the world and I would like to thank them all for their amazing effort and support over the last eight years. In particular, I would like to thank the operational leadership team and, especially, Brian Mattingley, our Chairman, and Aviad Kobrine, our CFO. Their support and input have been invaluable throughout my time at 888.“
“This has not been an easy decision to make, however I feel that – after eight exciting and rewarding years as a senior executive in a dynamic global business – this is the right time for me to step back from the day-to-day running of 888. I would like to thank the Board for their understanding and support of my decision and I look forward to continuing to work with the Directors in my new role.”
“I am very proud of what we have achieved during my time at 888. The global online gaming industry has changed beyond recognition during this period but, despite this, the Group has continued to achieve its strategic objectives and deliver for its stakeholders. This is down to the strength of our team and our outstanding technology.”
“I believe that 888 today is one of the most diversified operators across products and regulated markets in the global online gaming industry. Itai Pazner is a fantastic operator with a tremendous passion for innovation, product development and the customer experience; I know we share the same approach, values and vision for the business. In my new role I will remain on the Board to support Itai by leveraging my relationships and supporting the progress of a number of exciting strategic initiatives that are already underway. I have no doubts that Itai Pazner is the right person to lead 888 through the next exciting chapters of the Group’s growth.”
Itai Pazner, new CEO of 888, commented: “I am honoured to become the new CEO of 888. 888 has a brilliant team and culture across the business, which is led by a talented and vastly experienced operational management team.”
“Itai Frieberger is hugely admired both within 888 and throughout the online gaming industry and he has been instrumental in the Group’s significant development over many years. I am very excited at the prospect of building on his work and continuing to deliver the Group’s clear growth strategy by further enhancing our technology and growing 888’s presence across products and global regulated markets.”