North American sports betting operator and gaming technology provider GAN Limited has named Brian Chang as its new permanent Chief Financial Officer.
Chang had been serving in the role in an interim capacity and will take a leading role in tasks including securing a timely closing of the approved merger with Sega Sammy Creation.
“I’d like to congratulate Brian on his appointment to permanently lead our finance team,” said David Goldberg, GAN’s Chairman of the Board. “Brian has proven his financial acumen having served as our interim Chief Financial Officer and he has the full backing of the board of directors. Brian’s proven leadership amongst the financial team and strong knowledge of accounting and financial controls leave us confident that he is the right person to guide us to a successful close of our merger with Sega Sammy.”
Seamus McGill, GAN CEO, added that Chang is a “highly capable financial leader.”
Chang had served as GAN’s interim CFO since November 2022 and was previously the company’s Senior Vice President and Corporate Controller since September 2021. He has years of experience in financial reporting with past roles at companies including Alorica, Inc. and Deloitte.
“I’d like to thank both Seamus and the Board for their confidence,” added Chang. “I look forward to the opportunity to continue to lead our finance team toward a successful closing of our merger with Sega Sammy.”
GAN to supplement Sega Sammy portfolio
In February GAN shareholders overwhelmingly approved the company’s sale to gaming company Sega Sammy, with over 95% of those who took part in a special meeting vote electing in favor of the transaction.
As a result, GAN will be merged into the Sega Sammy Holdings business late this year or early in 2025.
McGill said back at the time of the initial announcement of the proposed merger in November 2023 that market share concentration in the U.S. B2C space and changes to key customer contracts “make the near-term operating environment challenging without ample capital resources.” GAN sees itself as a “strategic complement” to Sega Sammy’s existing gaming portfolio.
