Playtech announces chief financial officer to step down

Playtech has announced that its chief financial officer (CFO), Andrew Smith, will step down on 28 November due to personal reasons. Smith will also move away from his role as an executive director at the firm. Smith joined Playtech in 2015 as the company’s head of investor relations and was made CFO in January 2017. Before his time with Playtech, he spent just over two-and-a-half years with Temenos as its head of investor relations and a spell as director of corporate banking for Deutsche Bank. Smith will be replaced by Chris McGinnis, who has been with the supplier since June 2017 and has served as the company’s deputy CFO and director of investor relations, as well as the head of strategic analysis. McGinnis also spent time at Switzerland-based development firm Temenos as well as holding roles at Bank of America Merrill Lynch and Stifel Nicolaus. Brian Mattingley, chairman of Playtech, commented: “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.” On McGinnis’ appointment, Mattingley added: “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.”