Paul Godfrey, the former chairperson of the Ontario Lottery and Gaming Corporation (OLG), has been appointed the interim CEO of Bragg Gaming Group.
Following on from former CEO Richard Carter, who has left the role with immediate effect, Godfrey will work closely alongside the group’s former interim Adam Arviv and the Vice-Chair of the Board Matevž Mazij, leading the business until a permanent candidate appears.
Godfrey is a former chair of OLG, leading the lottery for three years until 2013 when he was removed from the position by Ontario’s politicians at the time, as reported by US Bets.
He has held numerous other leading positions in Canadian business; he has served as President and CEO of Postmedia Network and will continue to act as Chair of the company he founded. Additionally, he previously held the roles of Publisher and CEO of Sun Media and President and CEO of the Toronto Blue Jays.
As interim CEO of Bragg, he is tasked with continuing on from the past two and a half years, in which the group has ‘consistently exceeded revenue and growth targets’.
Despite the success, the board felt that the CEO role needed a restructure as part of a strategic review of its operations.
“While the global online gaming industry continues to grow exponentially, the North American opportunity is a game-changer,” commented Godfrey.
“Bragg’s technology and content is well-positioned to take advantage of this new market’s potential and although Bragg’s operations have continued to outperform over recent quarters, the capital markets strategy has not translated into shareholder value. Developing this alignment will be our top priority and absolutely requires a strategic review.”