Summary
- Oscar Iglesias, the Chief Financial Officer of Codere Online, is set to leave his position.
- Though he is stepping down from his role as Chief Financial Officer, the executive will now bring his expertise and vision to the Board of Directors.
- In recent years, Iglesias has been a driving force behind the growth and success of Codere Online.
Codere Online, a leading force in the online gaming industry with a strong foothold in Spain and Latin America, is on the hunt for a new Chief Financial Officer. This search comes after Oscar Iglesias, the current CFO, announced plans to step down from his position.
Codere Online starts search for new CFO
The company has announced that the CFO, citing personal reasons, has decided to step down from his role. However, Iglesias is not saying goodbye entirely to Codere Online. He is set to transition to the company's Board of Directors, pending shareholder approval, where he had already served between 2021 and 2023. This move will allow Iglesias to continue offering his invaluable expertise and guidance to steer Codere Online's strategic path. Iglesias' resignation will take effect once his responsibilities are handed over to a successor, or by December 31, 2025. Earlier this summer, Codere Online reported promising results with a solid second-quarter performance. The company boasted net gaming revenue of €54.8 million, marking a modest yet notable year-over-year increase. Furthermore, they celebrated a 7% year-over-year rise in average monthly active players during the same quarter.
The executive is looking forward to supporting Codere Online as part of the Board of Directors
Iglesias shared his thoughts about the upcoming transition, saying, Even though I've chosen to step away from my daily role with the company, I'm eager to continue supporting Codere Online as a Board member and shareholder. Gonzaga Higuero, Chairman of Codere Online's Board, expressed his gratitude, saying, We owe Oscar a tremendous thank you for his leadership and dedication over the years. Higuero further remarked, Oscar has been a reliable partner and a key driving force in our transformation from a private entity to a Nasdaq-listed powerhouse. We're thrilled that he will remain closely involved with the company as a Board member. Before his journey with Codere Online, Iglesias held significant positions within the Codere Group, their parent company, serving as Global Head of Corporate Development and Deputy CFO. Joining Codere Online in 2021, during a time of pivotal growth and transformation, Iglesias was a crucial figure in the company’s successful public listing through a strategic merger with DD3 Acquisition Corp. II. From 2021 to 2023, Iglesias served as a member of Codere Online’s Board of Directors prior to transitioning into the role of CFO.
