Andrew Smith to Step Down as Playtech CFO

Playtech has announced that Andrew Smith is to step down as chief financial officer of the business due to personal reasons.

The company noted that Smith has contributed significantly to Playtech’s strategy and helped guide the business through a period of substantial transformation. He will step down from his role as Chief Financial Officer and as an Executive Director on 28 November 2022.

Chris McGinnis will succeed Andrew Smith as Chief Financial Officer and as an Executive Director of the Company on 28 November 2022. McGinnis joined Playtech in 2017 and is currently Deputy Chief Financial Officer and Director of Investor Relations at Playtech.

Prior to joining Playtech, he was Head of Corporate Strategy at software company Temenos. He started his career at Deloitte in Canada where he qualified as a Chartered Professional Accountant (CPA). Chris then worked in Equity Research for UBS in Canada and Bank of America Merrill Lynch in the UK.

Brian Mattingley, Chairman of Playtech, said: “On behalf of the Board, I would like to thank Andy for the contribution he has made to Playtech over the past seven years, and in particular since taking over as CFO in 2017. Andy has played a crucial role at the Company, helping to steer the business through the pandemic including delivering a record half year performance in H1 2022, and leading the recent successful refinancing of Playtech’s external debt in light of the upcoming bond maturity. We wish him all the best in his future endeavours.

“I am delighted that Chris will be joining the Board as CFO. In addition to his deep knowledge of Playtech and the sector, he brings a strong set of financial and strategic skills that will be invaluable as the Company looks to deliver further growth. I am very much looking forward to continuing working with him as we execute against our strategy in the coming years.”