NeoGames has informed investors that Motti Gil will join the firm in August as its new Chief Financial Officer, replacing Raviv Adler who is set to depart next month.
The global gaming and ilottery provider confirmed that Gil and Adler will work together for a period of time to ensure a seamless transition between the two financial leads.
Gil has over 20 years of financial leadership experience and will become NeoGames’ CFO after seven years in the same role with Aspire Global, the company that was acquired by NeoGames last year.
Five of those years included Aspire Global’s time as a publicly listed company prior to the acquisition from NeoGames. Before his time at Aspire, Gil spent seven years with GoNet Systems as CFO, and he began his career with Ernst & Young.
Moti Malul, CEO of NeoGames, commented: “Motti Gil has been with the Company for seven years with much of that time spent as the CFO of the publicly-listed Aspire Global Group prior to the merger last year. He has continually demonstrated exceptional financial acumen and leadership skills throughout his tenure.
“He remains instrumental in overseeing critical financial operations and has strong relationships with key stakeholders. Motti is the ideal candidate to step into this role at this time.”
Adler will step down as the incumbent CFO from July 31 as he aims to pursue new opportunities. He departs at the time when NeoGames is the subject of an acquisition from Aristocrat Gaming in a deal worth around $1.2bn.
The deal is expected to close within the next 12 months, subject to shareholder and regulatory approval. NeoGames requires over a two-thirds majority of shareholder approval to sanction the deal.
Following the completion of the deal, NeoGames will transfer its statutory seat, registered office and central administration from Luxembourg to the Cayman Islands. Meanwhile, the firm would become merged with another wholly-owned subsidiary of Aristocrat.
Malul also commented on Adler’s departure: “We cannot overstate the immense impact Raviv has had on NeoGames’ success. His unwavering dedication, strategic insights, and exceptional leadership have been instrumental in shaping our Company and in delivering value for our shareholders.
“We are genuinely thrilled for Raviv as he embarks upon a new opportunity, and wish him all the best in his future endeavors.”