GAN appoints Seamus McGill as CEO on a permanent basis
Former chair of the business to focus on closing the transaction with Sega Sammy as he claims the vision for the company remains “unchanged”
The post GAN appoints Seamus McGill as CEO on a permanent basis first appeared on EGR Intel.
GAN has appointed interim CEO Seamus McGill on a permanent basis after leading the business since September 2023 following the departure of Dermot Smurfit.
McGill, who had served as the company’s chair, was drafted in to replace Smurfit who had spent 13 years as CEO.
McGill has served on the board at GAN since 2014 and has substantial experience in the igaming sector. He was previously chief operating officer at Aristocrat and president of Cyberview Technology.
Upon his permanent appointment, GAN confirmed that McGill would continue his role on the board.
When he was appointed in the interim, the supplier confirmed that McGill would receive a base salary of $500,000 per year as well as being entitled to participate in the “company’s employee stock option program, benefit plans, practices and programs” as well as cash bonus payments.
In its statement confirming McGill’s permanent appointment, GAN did not mention if any of these benefits or compensation would change.
David Goldberg, GAN chair, said: “Seamus has the full backing of the board of directors, and we are confident that his experience and leadership make him the most qualified candidate to be GAN’s next CEO.
“Seamus has been with the company since 2014 and has a deep understanding of GAN’s products, customers and strategy. On behalf of the entire board of directors, I’d like to congratulate Seamus on his appointment and we look forward to his success.”
On taking the role permanently, McGill commented: “It’s an honour to be named GAN’s CEO, and I’d like to thank David and the board for their vote of confidence.
“Going forward, our focus remains unchanged. We remain committed to a timely closing of our transaction with Sega Sammy to maximise value for all of our stakeholders.”
On Tuesday, 13 February, GAN shareholders voted to approve a deal that will see the firm acquired by Sega Sammy.
Over 95% of shareholders who participated in the vote at a special meeting voted in favour of the transaction, which will see GAN merged into the Sega Sammy Holdings business.
The deal was first agreed in November 2023 and will see Sega Sammy pay $1.97 per GAN share, representing a 121% premium on the closing price of GAN shares on 7 November 2023.
Following the shareholder approval, GAN expects the transaction to be completed by either late 2024 or early next year.
Arnold Ash is EGR’s Executive Recruitment Partner. They support ambitious organisations to identify and attract industry leading executive talent. Find out more here.
The post GAN appoints Seamus McGill as CEO on a permanent basis first appeared on EGR Intel.
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