People News

Central European cross-platform betting operator Fortuna Entertainment is on the hunt for a new chairman after confirming that Wilf Walsh will be stepping down from the role next month.

Walsh will step down as chairman following the company’s Annual General Meeting on Friday June 6th.

Fortuna confirmed the announcement following publication of its first quarter results this morning. The company said that Walsh had “decided not to extend his position” on the management board, but gave no reasons for his decision.

He had been chairman of the company since May 2012, having served as vice chairman of the company’s management board during the first half of that year. He also stepped in for a period as interim CEO in December 2011 after Jiří Bunda decided to leave the company.

During his time at Fortuna, Walsh has been responsible for corporate strategy, while he also helped the company secure its listings on the Prague and Warsaw stock exchanges in 2010.

Walsh is also a non-executive director of Gala Coral, and previously served as managing director of bookmaker Coral, steering the company through two private equity transactions.

Fortuna added that Marek Šmrha resigned from his position as member of the company’s supervisory board at the end of Q1. His position remains vacant until further notice.