Lottery.com has announced the appointment of Matthew McGahan as its new Chief Executive Officer. The appointment marks a pivotal moment for the company as it embarks on a transformative journey under new guidance.
Matthew McGahan, who has been steering the company as the interim CEO since July 2023, steps into the role with immediate effect. His ascension to the top post follows the departure of Mark Gustavson, who had a brief tenure after being appointed in February of the same year. McGahan’s journey with Lottery.com began in October last year when he joined as chair, shortly after Sohail Quraeshi’s interim CEO tenure.
Before his engagement with Lottery.com, McGahan distinguished himself as a philanthropic and business leader. He founded the UK-based charity Mask Our Heroes, playing a crucial role in the supply of personal protective equipment during the Covid-19 pandemic. Additionally, his entrepreneurial flair was evident in his founding and later sale of the Harley-Davidson dealer Magic Automotive Group.
In a statement, McGahan expressed his enthusiasm and gratitude for the trust placed in him to steer the company’s future. He emphasized an innovative and stakeholder-backed approach to revolutionize the lottery industry.
The reshuffle also introduces Gregory Potts as the new Chief Operating Officer. Previously serving as the global vice-president of affiliate success, Potts brings a wealth of experience to his new role. His extensive background includes senior positions at various notable firms, including Valassis, LockNet, Kwikee, and MultiAd.
Completing the trio of top-tier appointments, Robert Stubblefield has been confirmed as the Chief Financial Officer. His initial appointment in July has now been solidified by the company’s board.
With these strategic leadership changes, Lottery.com aims to not only transform the lottery industry but also to optimize its investments in the burgeoning domains of Sports.com and Nexus Gaming System, as highlighted by McGahan. This new direction underlines the company’s commitment to innovation and stakeholder engagement in a rapidly evolving marketplace.