London-listed operator GVC has confirmed that Norbert Teufelberger will step down as a non-executive director of the company following the end of his agreed two-year term next week.

Teufelberger joined the board following GVC’s acquisition of in February 2016, having been CEO of the company (and bwin) since 2001.

"I would like to thank Norbert for his contribution to the board over the last two years,” said GVC chairman Lee Feldman. “He provided valuable insight into the business, following the takeover of that group, and the gaming industry. We wish him well with his other ventures."

Since taking on the non-executive role, Teufelberger was appointed a special advisor to FastForward Innovations to help the company identify new investment opportunities in the technology and gaming sectors.

Last year he took over as chairman of iGaming platform provider and content supplier EveryMatrix after investing in the company alongside a number of other investors. He has been tasked with assisting with the development of business strategy based on "ambitious" commercial goals, and will work with EveryMatrix's founders to identify and implement potential strategic partnerships and opportunities.

Shares in GVC Holdings plc (LSE:GVC) were trading up marginally by 0.11 per cent at 944.00 pence per share in London Wednesday, 5.22 per cent below their 52-week high of 996.00p set on January 11th.