British online gambling company 888 Holdings Plc said on Thursday Chief Executive Itai Frieberger was stepping down, and would be replaced by Chief Operating Officer Itai Pazner.
Frieberger, who worked with the company for more than 14 years, will remain as a director for a period of up to 12 months.
Itai Pazner, the new CEO of 888, said: “I am honoured to become the new CEO of 888. 888 has a brilliant team and culture across the business, which is led by a talented and vastly experienced operational management team.” He added, “Frieberger is hugely admired both within 888 and throughout the online gaming industry and he has been instrumental in the Group’s significant development over many years. I am very excited at the prospect of building on his work and continuing to deliver the group’s clear growth strategy by further enhancing our technology and growing 888’s presence across products and global regulated markets.”