Gambling operator 888 Holdings has confirmed that Aviad Kobrine has opted to end his 15-year tenure as Chief Financial Officer (CFO) of the firm.
The company has informed its investors that Kobrine will continue to act as CFO until a replacement is found, helping the company through its transition period.
Commenting on his upcoming departure, Kobrine emphasised: “I would like to take this opportunity to thank the fantastic team at 888 with whom I have had the pleasure and honour of working over the last 15 years. I am incredibly proud of what we have achieved together throughout my time with the business.”
A key company executive, Kobrine joined 888 in 2004 charged with leading the firm’s financial planning ahead of its 2005 IPO on the London Stock Exchange.
Furthermore, Kobrine was a key stakeholder in 888’s enlargement strategy, which saw the company acquire the Globalcom games development studio and Wink online bingo business in 2007/2008 to diversify 888’s business portfolio for B2B services.
888 Holdings Chairman Brian Mattingley praised Kobrine’s work and contribution stating: “Aviad has made a truly outstanding contribution to 888. He has played a significant role in helping to develop 888 into the world-class online gaming operator it is today.
“Aviad has been an integral part of the leadership team throughout a transformational period for the company.
“Over recent years he has supported 888’s growth into new markets whilst also helping the group to successfully manage and navigate significant changes in our industry.”