Leadership Transition: Codere Online Sees CFO Oscar Iglesias Move On
Codere Online Announces Transition of Chief Financial Officer
Codere Online, a prominent operator in the online gaming industry across Spain and Latin America, has recently revealed that Oscar Iglesias, the Chief Financial Officer, has decided to transition out of his current role. This important decision was made due to personal reasons and will take effect after an orderly transition to a successor, or by the end of the year.
Oscar Iglesias's Continued Involvement
The Board of Directors plans to appoint Oscar Iglesias to their ranks, marking a return for him after his previous tenure between 2021 and 2023. While stepping away from operational duties, he will play an active role in guiding Codere Online's strategic direction.
Achievements During His Tenure
Since joining Codere Online in 2021, Iglesias has been a pivotal figure in the company's remarkable journey. He played an instrumental role in the company's public listing in 2021 through a merger, which bolstered its capital standing and increased market visibility.
Expressing Gratitude
Gonzaga Higuero, the Chairman of the Board, expressed appreciation for Iglesias’s leadership, noting that his contributions have been invaluable in transforming Codere Online from a private entity into one listed on Nasdaq. Iglesias's efforts have significantly impacted the company’s growth and present standing.
Search for a Successor
As the company gears up for this transition, it has initiated a search for a new Chief Financial Officer. Codere Online is ensuring that the handover process is seamless, affirming their commitment to maintaining stability during this period of change.
About Codere Online
Codere Online, encompassing Codere Online Luxembourg, S.A. and its subsidiaries, has been operational since 2014. The company, backed by the well-known Codere Group, offers an array of online gaming experiences including sports betting and casinos. Its services are complemented by a physical presence across various Latin American locales, solidifying its status as an omnichannel gaming entity.
Understanding Codere Group
Codere Group stands as a significant player in the leisure and entertainment industry with over 40 years of experience. Operating in seven countries across Europe and Latin America, Codere Group maintains a broad market influence in the gaming sector.
Frequently Asked Questions
What prompted Oscar Iglesias's decision to step down?
Oscar Iglesias decided to step down from his role for personal reasons, ensuring a smooth transition to a new Chief Financial Officer.
Will Oscar Iglesias continue to be involved with Codere Online?
Yes, he will be joining the Board of Directors and will continue to support the company in a strategic capacity.
What has been Oscar Iglesias's contribution to Codere Online?
He played a vital role in the company's growth, including leading the public listing through a merger, enhancing its market visibility and capital position.
What is Codere Online famous for?
Codere Online is well-known for its online sports betting and casino offerings, alongside its prominent presence in physical gaming across Latin America.
What does the future hold for Codere Online?
The company is committed to maintaining its growth trajectory and will search for a successor to ensure continuity in its strategic initiatives.
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