Glitnor appoints Richard Brown from GiG as new CEO
Glitnor Group has announced the appointment of Richard Brown, now CEO of Gaming Innovation Group (GiG), as its new CEO.
A new role
Brown will take over his role at the company in January 2024 as a permanent successor to David Flynn, who resigned in December last year. Co-founder, Jorgen Nordlund, has since served as interim CEO.
As CEO, Brown will manage Glitnor’s ongoing development plans. This includes expansion of gaming and development activities in Europe, North America and Latin America.
Many years of work for GiG
Richard Brown joins the company after seven and a half years at GiG, most of which he was CEO, holding the position since November 2019. Previously, he served as Chief Operating Officer, Digital Director and Managing Director of GiG Media.
In the early stages of his career, Brown held a number of positions at the Highlight Media Group, and for some time worked at Web Guide Partner and THG Sports.
Richard Brown has not hidden his satisfaction with the new challenge that awaits him from next year: – I am honored to be the CEO of Glitnor Group… the teams have built a fantastic position in the industry. I look forward to work with them to further use the number of opportunities the company has ahead of it.
– The long-term ambitions of the group are impressive, supported by the founders with documented successes. I’m extremely excited to help achieve these goals for the company, the group’s staff, and its shareholders – Brown said.
Co-founder Nordlund added: – I believe that by appointing Richard, Glitnor has provided itself with one of the greatest talents in the industry. I look forward to the positive impact he will have on our business as we strive to strengthen our brands and enter new markets in the future.
– Taking into consideration the successful nature of his time at GiG, and his overall great experience in iGaming, I’m sure Richard has all the necessary skills to help take Glitnor to a new level. I think I speak on behalf of everyone when I say that we can’t wait to work with him because we’re entering a new era of development – he concluded.
“The time was right” to leave GiG
The confirmation of Brown’s appointment comes after Brown announced last month that he would leave the company by the end of 2023.
During his tenure as CEO, the group continued to expand into new markets, made major acquisitions, sold its B2C assets to Betsson, and achieved record revenue in the first quarter of 2023.
His departure came as a result of a strategic review, as a result of which GiG split into two independent corporate entities. GiG Media’s affiliate, led by CMO Jonas Warrer, will continue to operate under current management, meaning that the platform and the bookmaking business are looking for a new CEO.
Reflecting on his time at GiG, Brown said that while he valued his work for the group, “the right time” had come for a new challenge: – I have been lucky to enjoy an incredible eight years at GiG, with the last four as CEO.
– However, the time has come to take on a new challenge in a group that, in my opinion, is one of the most exciting business groups in the gaming industry. I can’t wait to begin in the new year – Brown concluded.