Golden Matrix Group has begun the search for a new chief executive to replace Brian Goodman, who is stepping down as CEO next week.
Golden Matrix said that the planned leadership transition aligns with the company’s next phase of strategic execution, with Golden Matrix chairman William Scott taking over as interim CEO.
Goodman co-founded the company in January 2016 and helped guide Golden Matrix through a period of significant transformation, shifting from a micro-cap operator to a NASDAQ-listed international gaming group.
“Golden Matrix is built on solid ground – diversified, profitable, and prepared to scale,” said Scott. “Brian laid the foundation. Our next chapter is about execution, scale and consistent performance. With strong fundamentals, global reach, and disciplined execution, we believe we are positioned to outperform the market and deliver exceptional long-term value for our shareholders.”
Scott has served as chairman since April 2024 and has extensive experience in global gaming and regulated markets, having previously held senior executive roles at GTECH/Lottomatica.
Alongside his role as interim CEO, he will also chair the Board Committee responsible for appointing the next CEO.
In related news, Golden Matrix’s largest shareholder and founder of Meridianbet, Aleksandar Milovanovic, recently elected to convert $8 million of cash consideration owed to him into 8 million shares of Golden Matrix common stock, at a conversion price of $1.00 per share.
The debt-to-equity conversion materially improves Golden Matrix’s financial position by eliminating $8 million in near-term cash obligations, preserving capital for growth initiatives and operational expansion.
Following the transaction, Milovanović beneficially owns approximately 93.3 million shares of Golden Matrix common stock, reinforcing his position as one of the company’s most significant long-term stakeholders.
Shares in Golden Matrix Group Inc (NASDAQ:GMGI) closed 1.12 per cent lower at $0.83 per share in New York Wednesday.