PointsBet has reconstituted its Board of Directors with the addition of three senior executives from MIXI, as five board members step down.
The company said that the appointments were in line with MIXI Australia’s intention to obtain representation on the PointsBet Board to an extent that is “at least commensurate with its voting power in PointsBet at the end of its off-market takeover bid.”
MIXI’s offer closed on 12 September with the company obtaining voting power in PointsBet of 66.43 per cent.
The three new non-executive directors are all current MIXI executives – Sho Okuyama, Kanji Kobayashi and Taishi Oba.
Okuyama joined MIXI in 2016 and was appointed corporate officer in 2022 and senior corporate officer in 2023. He is currently directly managing the TIPSTAR business as head of social betting since 2023, and was appointed a director of MIXI Australia in 2024.
Kobayashi joined Mixi in 2007 and became general manager of the legal affairs division in 2017, serving as a director of MIXI Australia since earlier this year. Oba joined MIXI in 2024.
“PointsBet welcomes Mr Okuyama, Mr Kobayashi and Mr Oba to the Board and is looking forward to working with each incoming Director and PointsBet’s major shareholder, MIXI Australia,” said PointsBet.
Alongside the three appointments, PointsBet confirmed that five directors had resigned from the board – Becky Harris, Tony Symons, Kosha Gada, Peter McCluskey and William Grounds.
Brett Paton will remain chairman of the Board, and Sam Swanell will remain on the Board as managing director.
“PointsBet thanks each of the retiring directors for the dedication, service, professionalism, expertise and experience they have contributed individually and collectively to the company and their strategic guidance to the company, including throughout the MIXI offer process,” said PointsBet.
Shares in PointsBet Holdings Ltd (ASX:PBH) closed 2.49 per cent higher at A$1.03 per share in Sydney Tuesday.