John Collins to leave the business at the end of the year as New York-listed firm says his investment in an NHL team the reason behind decision
The CEO of Super Group’s SPAC partner, Sports Entertainment Acquisition Corporation, will step down from the multi-brand operator’s board at the end of the year.
John Collins, who took a place on Super Group’s board following its listing on the New York Stock Exchange in January 2022, will leave the company on 31 December.
Super Group performed a reverse merger with Sports Entertainment Acquisition Corporation to facilitate its listing, which valued the company at $4.75bn.
The holding company confirmed Collins will step down due to his investment into “a National Hockey League team”.
Earlier this year, the New York Islanders named Collins as a member of the team’s ownership group and as operating partner for the franchise.
Super Group added that Collins’ resignation was “not the result of any disagreement with the company on any matter relating to the company’s operations, policies or practices”.
The former NHL COO is the chair of Super Group’s Nominating and Corporate Governance Committee and a member of its Audit Committee.
Following his resignation, Jonathan Jossel will take over as chair of the Nominating and Corporate Governance Committee.
Jossel has served on the Super Group board since May 2022 and is the CEO of the Plaza Hotel and Casino in Las Vegas.
Last month, Super Group reported a 16% year-on-year jump in Q3 revenue to €356.9m on the back of strong growth in Africa, the Middle East and Europe.
Arnold Ash is EGR’s Executive Recruitment Partner. They support ambitious organisations to identify and attract industry leading executive talent. Find out more here.