888 confirmed that Itai Frieberger, its former chief executive, has carried out his duties as director following the 12-month transition period announced in January 2019, and will be departing from the company.
Over a Decade of Commitment
In January last year, the online gambling company had said that Frieberger stepped down as chief executive but would continue to stay on the board for 12 months as a director to work on certain strategic initiatives and ensure a smooth transition to his replacement Itai Pazner.
“The board is grateful for Mr Frieberger’s many years of service to 888,” the operator said in a statement.
Frieberger has worked over 14 years at 888 and, prior to his time as chief executive, held various senior roles including eight years on its executive team as chief operating officer and also as an executive director.
About His Resignation
Speaking at the time of the original announcement, Frieberger said that this has not been an easy decision to make, however he felt that after eight exciting and rewarding years as a senior executive in a dynamic global business, it was the right time for him to step back from the day-to-day running of 888.
He also said that he is very proud of the achievements during his time at 888 and added:
“The global online gaming industry has changed beyond recognition during this period but, despite this, the Group has continued to achieve its strategic objectives and deliver for its stakeholders. This is down to the strength of our team and our outstanding technology.”
Frieberger also praised Pazner saying: “Itai Pazner is a fantastic operator with a tremendous passion for innovation, product development and the customer experience; I know we share the same approach, values and vision for the business.”
Recently 888 also announced that Aviad Kobrine, the company’s chief financial officer, is to step down from the role later this year after 15 years with the business.