Codere unveils Gonzaga Higuero as new CEO

Image: Shutterstock

Codere Group has confirmed that Gonzaga Higuero will take the reins of the company, joining as the new CEO to lead the group into a new phase.

Higuero joins as the new permanent CEO after Codere went through a transition period following the departure of co-CEO’s Alberto González del Solar and Alejandro Rodino last year.

In his new executive role, he will be charged with ensuring Codere maintains a leadership position in all of its global markets and helping secure growth. 

Of particular importance to this growth will be the docs and drive on scaling up the Codere Online business as well as developing the Nueva Codere unit. 

“It is a great challenge and responsibility to lead this organization, with the aim of improving our competitiveness and profitability to address a new phase of growth after the pandemic,” Higeruo said. 

“We have new projects ahead of us to continue being a world benchmark and provide the best entertainment and gaming experience to our customers.”

Higeuro takes executive duties at Codere following a spell as CEO of the Health Transportation Group, where he led the process of refinancing and acquisitions of the company and growing the company in the subsequent years. 

Previously in his career, he held management roles during 15 years at Prosegur, where he was General Manager for Latin America South, General Manager for EMEA and the Pacific of Prosegur Cash, and General Manager for Europe.

Christopher Bell, Non-Executive Chairman of Codere, added: “With the addition of Gonzaga Higuero to our team, we reinforce this new post-pandemic stage of return to the growth path of the group.”

Codere recently committed to all of its global markets despite the transitional period it has endured in the last year, which included a corporate restructuring. 

The Spanish operator has committed to all seven of its global markets including Latin American markets of Mexico, Argentina, Uruguay, Panama, and Colombia, confirming that it is “consolidating its project after the departure of its previous CEOs”.

In 2022, Codere achieved revenues of $1.4bn, up 67.5% year-over-year. Meanwhile, it recorded an adjusted EBITDA of $248.5m for the year, $143.5m more than in 2021, and the firm’s adjusted EBITDA margin reached 17.6%.