Codere Online is looking for a new finance chief to replace Oscar Iglesias, who is stepping down after nearly four years in the role.
Iglesias has notified the operator of his decision to step down as chief financial officer (CFO) by 31 December, or earlier if a replacement is found.
He has been with Codere Online since 2021 and was instrumental in leading the company through its successful 2021 public listing via a merger with DD3 Acquisition Corp II.
Prior to that, Iglesias spent six years at parent company Codere Group, where he served as global head of corporate development and deputy CFO for nearly seven years.
In connection with the transition and subject to shareholder approval, Iglesias will join Codere Online’s Board of Directors, where he formerly served between 2021 and 2023, and where he will remain actively engaged in driving the operator’s strategic direction.
“We are grateful to Oscar for his leadership and dedication over the past decade,” said Codere Online chairman Gonzaga Higuero. “He has been a trusted partner and a driving force behind our journey from a private company to a Nasdaq-listed organization. We are pleased that he will remain closely involved with the company as a member of our Board.”
Iglesias added: “I am very proud of what we have accomplished together, having successfully delivered on the plan we set out to investors in 2021. While I have made the personal decision to move on from a day-to-day role in the company, I look forward to continue supporting Codere Online as both a Board member and shareholder of the company.”
Shares in Codere Online Luxembourg SA (NASDAQ:CDRO) closed 2.73 per cent lower at $8.18 per share in New York.