888 Holdings has filed a notice with the London Stock Exchange announcing that Brian Mattingley will be succeeded by Lord Jonathan Mendelsohn as its chairman-designate.
Lord Mendelsohn’s election as the new chairman is expected to take place at the next annual general meeting of 888 in May 2021, with Mattingley formally resigning from all governance responsibilities.
In its note, 888 highlighted the vast experience of Lord Mendelsohn in the gaming industry , having co-founded Oakvale Capital strategic M&A advisory focused on igaming, entertainment and media investments.
Lord Mendelsohn, a high-profile hire, is best known as a key advisor to Tony Blair, helping the former PM implement his New Labour campaign policy, which won the election in 1997.
The hiring of Lord Mendelsohn has attracted widespread media attention, closely following Flutter Entertainment ‘s announcement last week that former Labour deputy leader Tom Watson had joined the company as a regulatory advisor.
As the government speeds up plans to review the 2005 Gambling Act, concentrating on strengthening industry protections and consumer standards, UK gambling faces a crucial end of the year.
Lord Mendelsohn, remarked: “I am very excited to join the Board of such a world-class gaming operator. 888 is a company that I have long admired during my more than 20 years working with companies in the gaming and gambling industries.
“The Group has a number of very exciting opportunities and I am looking forward to working closely with the Board and the management team to continue to deliver the Group’s growth strategy and generate further stakeholder value. ”
The LSE filing this morning sees Brian Mattingley announcing that he will end his 15-year stint as a director of 888, having re-established the online gaming business as a blue-chip company for FTSE.
The following statement was released by Mattingley: “It has been a great privilege to Chair 888 and serve its stakeholders during more than 15 years with the Group. I am personally very pleased that someone of Jon’s experience and calibre will succeed me as Chair and I look forward to working closely with him over the coming months.”