GAN has announced that CEO Dermot Smurfit has resigned from his role with immediate effect.
Smurfit will also depart his positions as a Director of the company and its operating subsidiaries after concluding executive duties with the sportsbook technology firm.
While Smurfit is leaving his current role and day-to-day activities at GAN, the firm has outlined he is still a “substantial stockholder” in the company, therefore negotiations are ongoing over a consulting arrangement.
He will be replaced by current Chairman Seamus McGill, who will take executive reins on an interim basis. McGill boasts over 25 years of experience in the gaming and tech industries, first joining GAN as a board member in 2014.
Previously in his career, McGill was the President of mobile software firm JoinGo and has spent time as the COO of Aristocrat Technologies. He also has significant experience as President of Cyberview Technology, where he played a pivotal role in the sale of the firm to IGT.
“On behalf of the entire Board and GAN team, I want to extend our appreciation to Dermot for his commitment to the Company since joining twenty years ago. Under Mr. Smurfit’s leadership, GAN experienced many great accomplishments and reached numerous milestones as a Company,” commented McGill.
Having served on the Board since 2014, I have a deep understanding of the Company, our talented teams, and our market position. I am honored to assume leadership of all of the Company’s executive functions and have been heavily involved in our ongoing strategic review process.
“We will continue to evaluate the indications of interest that we have received and will work to optimize the process and its outcome for shareholders in due course.”