Randy Freer, one of three recently appointed board members of 888 Holdings, has resigned from his role effective immediately, the betting and gaming operator announced.
Outside commitments behind the resignation
Issuing a short statement to investors, Gibraltar-based gambling group 888 Holdings announced Freer’s resignation from his role as Independent Non-Executive Director (NED) at the FTSE250-listed gambling group.
Commenting on Freer’s resignation, 888 Holdings Chairman Jon Mendelson thanked him for his contributions during his short time with 888 and wished him well for the future.
Freer was one of three new NEDs, along with Andrea Gisle Joosen and Andria Vidler, who joined 888’s board in July as part of the board’s expansion to nine members following the acquisition of William Hill and changes to the UK squad. -based gaming company, but due to his outside commitments, he has now quit.
President, CEO and entrepreneur
Freer’s other commitments include serving as chairman of Sinclair Broadcast Group, the outlet that operates 19 regional sports networks under the formerly Fox-owned Bally Sport brand, as well as CEO of his own company, The Freer Company.
A media and technology expert, Freer inspired The Freer Company to provide business insight and branded narrative advice to businesses across a wide range of industries.
Before starting his own consulting business, Freer served as CEO of Hulu, the US subscription streaming service. He joined Hulu from the 21stst Century Fox, where he was responsible for the media’s global entertainment and sports television assets.
“With the highly relevant skills and experience of our recently strengthened Board of Directors, we continue to see exciting opportunities ahead as we execute the group’s growth strategy and drive further value for stakeholders. “, concluded Mendelson.
Earlier in August, the Gibraltar-based online gaming group released its financial results for the first half of the year, posting a double-digit decline in year-on-year revenue, mainly due to new safer gambling policies in the UK and the shutdown in the Netherlands.