London-listed GVC Holdings has appointed two new non-executive directors following the completion of its acquisition of bwin.party digital entertainment.
Further to the strategic recruitment of Shay Segev as chief operating officer and Nick Batram as head of investor relations and corporate strategy, GVC has brought in Stephen Morana and Peter Isola as independent non-executive directors to the board.
GVC said that Morana was widely recognised for his e-commerce expertise, particularly as a specialist in the iGaming sector having spent ten years as part of the management team at Betfair.
He joined Betfair in 2002, becoming chief financial officer in 2006 and also served as interim CEO in 2012. Morana is currently CFO of Zoopla Property Group, the FTSE 250 digital media business, which he joined in 2013 and helped float in 2014, and is also a non-executive director of boohoo.com.
Isola joins the board as an expert in gaming law and regulation with experience advising numerous e-commerce clients. Domiciled in Gibraltar, he currently holds non-executive directorships at numerous Gibraltar businesses including Gibraltar International Bank Limited, Hercules Fund PCC Limited and Callaghan Insurance Brokers Limited, all regulated by the Gibraltar Financial Services Commission.
Since 2007, Isola has been a senior partner at Isolas in Gibraltar and was initially called to the Bar of England and Wales and the Gibraltar Bar in 1982.
"The GVC team is delighted to welcome non-executives of Stephen and Peter's calibre to the GVC board for the start of what will be an exciting new chapter for the company,” said Kenny Alexander, CEO of GVC Holdings. “In these two individuals we have added deeper expertise in online gaming and regulation, two areas which will be central to our continued success as a company."
GVC said that the appointments reflect the company's ongoing commitment to enhanced corporate governance in line with its desire to move up to the Premium Segment of the Main Market as soon as practicable.
The entire issued share capital of 291,663,002 shares of €0.01 each were admitted to trading on the Official List of the UK Listing Authority and to trading on the Main Market of the London Stock Exchange this morning, after completing the acquisition of bwin.party Monday.
The UK Listing Authority cancelled the listing of bwin.party shares earlier this morning.