Appointment of CFO
7 September 2020
888 Holdings Public Limited Company
('888' or the 'Group')
Appointment of CFO
888, one of the world's leading online gaming entertainment and solutions providers, is pleased to announce the appointment of Yariv Dafna as the Group's new CFO. This appointment follows the Group's announcement on 14 January 2020 that, after more than 15 years as Group CFO, Aviad Kobrine is stepping down from the role.
Yariv will join the Group on 1 November 2020 and be appointed to the Board on the same date. Aviad will step down from the Board on the same date.
Mr. Dafna has held a number of positions with Telit Communications plc since 2003, taking an active role in its IPO in 2005 and subsequent fundraisings. Mr. Dafna's positions at Telit included Group CFO from February 2007 to June 2012, Chief Corporate Development Officer with responsibility for all M&A activity, and subsequently also COO, with responsibility for all operation and purchasing activities. In November 2017, he was appointed to Telit's Board as Finance Director with responsibility for finance, legal, IT and corporate development activities. Mr. Dafna started his career in 1999 at Deloitte Israel and holds a BA in Business Administration and Accounting from the College of Management Academic Studies (Rishon LeZion, Israel), an MBA from Tel Aviv University, and is a Certified Public Accountant.
Brian Mattingley, Chairman of 888, commented: "I am delighted to welcome Yariv Dafna as 888's new Chief Financial Officer. Yariv's experience and drive made him the standout candidate for the role, and we are very pleased he has decided to join the Group at such an important time in 888's continued growth and development.
On behalf of everyone at 888, I would like to reiterate my gratitude to Aviad for his significant contribution and achievements over the last 15 years with the Group and we wish him every success for the future."
Yariv Dafna, incoming CFO of 888, commented: "I am excited to be joining such a fantastic business at a pivotal time in its development. 888 has world-class technology and a unique platform for continued growth in the dynamic global online gaming market. I am looking forward to helping the business continue to deliver against its strategic objectives and create value for all stakeholders."
Aviad Kobrine, CFO of 888, commented: "I am incredibly proud of what the 888 team has achieved together throughout my time with the business and I would like to take this opportunity to thank my fantastic colleagues with whom I have had the pleasure and honour of working with over the last 15 years."
Itai Pazner, CEO of 888, commented: "I am looking forward to working closely with Yariv as we continue to focus on delivering 888's long-term growth strategy. I would also like to extend my personal gratitude to Aviad for his support and friendship over the years."
Further information concerning Yariv Dafna (aged 46):
In accordance with Listing Rule 9.6.13 (1), Mr. Dafna was a director of Telit Communications plc (listed on AIM) from November 2017 until 1 September 2020. There are no details to be disclosed in respect of Mr. Dafna under Listing Rules 9.6.13 (2) to (6).
This announcement contains inside information for the purpose of Article 7 of Regulation (EU) No 596/2014. The person responsible for arranging the release of this announcement on behalf of the Company is Brian Mattingley, Chairman of 888.
Contacts and enquiries
Brian Mattingley, Chairman
Itai Pazner, Chief Executive Officer
+350 200 49800
+350 200 49800
+44(0) 207 796 4133
Alex Brennan / Hattie Dreyfus / Bertie Berger
Notes to Editors:
888 Holdings plc (and together with its subsidiaries, "888" or the "Group") is one of the world's most popular online gaming entertainment and solutions providers. 888's mission is to supply its customers with innovative and market-leading online gaming products, above all in a safe and secure environment.
888 has been at the forefront of the online gaming industry since foundation in 1997, providing to players and B2B partners an always innovative and world-class online gaming experience. At the heart of 888's business is its proprietary gaming technology and associated platforms.
During 2019 888 was named Casino Operator of the Year at the prestigious EGR industry awards and, in 2020, the company was proud to be recognised at the 2020 Gaming Intelligence awards as winner in the Casino Operator of the Year category.
The Group is structured into two lines of business: B2C, under the 888 brands, and B2B, conducted through Dragonfish, which provides partners a leading platform through which to establish an online gaming presence and monetise their own brands.
888's consumer facing websites offer more than just online gaming. They are entertainment destinations: places where people can enjoy a truly interactive experience and be part of an online community that shares common interests. 888's strong and trusted brands are all accessible through www.888.com.
Find out more about 888 at http://corporate.888.com/.