Former STS CEO Mateusz Juroszek nominated to GiG Media board
9th April 2024 7:33 am GMT
Gaming Innovation Group (GiG) has nominated five Board members for its GiG Media business, including former STS CEO Mateusz Juroszek.
As the company moves forward with the planned split of its Media and Platform businesses by distributing GiG Platform to its shareholders, GiG’s Nomination Committee has reviewed and evaluated two separate board compositions with the aim of optimising growth opportunities for each business.
The board of GiG Platform will not be elected during GiG's Annual General Meeting on 22 May, but will be elected separately during the relevant subsidiary's annual general meeting.
The majority of GiG's current board members will be elected to the initial board of GiG Platform, with the exception of Karolina Pelc, who has declined re-election due to other commitments.
The GiG Platform board will therefore comprise Petter Nylander as chairman, alongside Nicolas Adlercreutz, Mikael Riese Harstad, Hesam Yazdi, Tomasz Juroszek and Steve Salmon as board members.
GiG Media will continue to operate under GiG’s current corporate structure, with GiG serving as its listed holding company.
The Nomination Committee has proposed five new members of the GiG board, with both Mikael Riese Harstad and Hesam Yazdi to be re-elected as members, and Harstad to be elected as chairman.
The new board members include Cristina Romero de Alba, a partner at Madrid-based law firm LOYRA Abogados; former Entain group director of M&A and corporate development Nick Batram; and former STS CEO Mateusz Juroszek.
Through investment vehicles, the Juroszek family has been the largest shareholder in GiG since July 2023, and currently owns 19,424,518 shares in the company (equivalent to a 15.06 per cent stake).
“My family's involvement in Gaming Innovation Group has been long-standing and long-term,” said Juroszek, who currently serves as founder and co-owner of iGaming investment fund Betplay Capital. “We see great potential in this company and in the industries in which it operates. As investors, we specialise in the iGaming sector and we constantly strive to increase our shares in the most promising entities. Therefore, we are constantly looking for opportunities to increase our shareholding in Gaming Innovation Group.
“I believe that my experience both as an investor and as a manager of the largest bookmaker in Poland will contribute to even faster and more effective growth of GiG Media, a company dealing with the media and affiliate part of the current Gaming Innovation Group.”
Juroszek served as CEO of Poland's largest bookmaker STS from 2012 until its acquisition by Entain last year, and remains chairman of STS’ Supervisory Board.
Shares in Gaming Innovation Group Inc (OSL:GIG) closed 0.44 per cent lower at NOK33.95 per share in Oslo Monday.
