Genius Sports has made changes to its Board of Directors with Kenneth Kay appointed chair and Claire Valoti joining as an independent director.
A seasoned corporate executive with three decades of financial experience, Kay was previously chief financial officer at MGM Holdings (now part of Amazon MGM Studios) and has served as an independent director on the Board of Genius Sports since March 2023.
He will take over as chair from David Levy, who has served in the role since April 2021 and will continue to serve as a strategic advisor to Genius Sports.
“It has been an honor to serve as an independent director of the Genius Sports Board,” said Kay. “I now look forward to taking the lead as chair and contributing to Genius Sports’ further advancements in pioneering sports data and delivering value for all shareholders.”
Levy commented: “I have greatly valued my time as chair of Genius Sports. I take pride in the strides that have been made to strengthen Genius Sports’ presence across sports, betting, media, and broadcasting.
“I am delighted to continue my relationship and close connection with Genius Sports as a strategic advisor and will actively support the team in the exciting next chapter for the company.”
Genius Sports has also appointed Claire Valoti as an independent director.
Valoti is the co-founder of Haylo Ventures and former vice president of international at technology company Snap Inc.
“I am delighted to join Genius Sports as a director and to have this opportunity to work together with an expert founder-led team, as Genius Sports continues to drive growth with its cutting-edge technology, scale, and reach,” said Valoti.
Commenting on the Board changes, Genius Sports CEO Mark Locke said: “I am thrilled to welcome the appointment of Ken Kay as our chair and Claire Valoti as a director. Their expertise and vision will be instrumental in driving the next phase of Genius Sports’ growth.
“I also want to extend my gratitude to David Levy for his service as chair since April 2021. I am pleased that David will continue to stay close to Genius Sports in an advisory capacity.”
Shares in Genius Sports Ltd (NYSE:GENI) gained 5.45 per cent to close at $5.42 per share in New York Friday.