Parimatch Overhauls Organisational Leadership

In order for the CIS betting company Parimatch to take advantage of emerging business prospects, it has overhauled its organisational leadership processes.

Sergey Portnov, the Group CEO, has stepped down to become Chairman of the Board, Parimatch announced this afternoon.

Parimatch senior partners Roman Syrotian and Maksym Liashko, who will serve as the firm’s joint Chief Executives, will share Portnov’s leadership responsibilities.

Liashko will be in charge of the company’s day-to-day finance and regulatory activities, while Syrotian will be in charge of the tech, communications, and product growth departments.

Dual CEO logical move

Liashko explained: “A dual CEO structure is a logical move and consolidation of the company’s growth directions. We know our areas well, and we will do everything to implement the company’s plans to enter the next level of development.”

In support of its new leadership, Parimatch has restructured its ‘supervisory board,’ which will be chaired by Portnov, with Liashko and Syrotian continuing to serve as directors.

Katerina Belorusskaya, a long-time Parimatch executive who currently serves as chair of the Parimatch Foundation, the CIS betting group’s charitable arm, will join the new board.

Marek mrha will represent Belorusskaya as a non-executive member advising Parimatch’s new board of directors.

Maturity and readiness

In his first statement as Parimatch chairman, Portnov said: “Updating the company’s structure and creating a board is an indicator of Parimatch’s maturity and readiness. Now is the best time for such changes.

“I am sure that this will strengthen the brand’s strategy and will allow the large ship that is Parimatch to move along the route more rapidly.”