888 announce Itai Frieberger will step down as CEO

Itai Frieberger is to step down from his role as 888 chief executive officer. Frieberger will be replaced by current COO, Itai Pazner.

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Frieberger is to step down with immediate effect, but will remain with the group for up to a year as a director. © Pexels.

888 announced the news in a corporate filing this morning. Frieberger has been at the operator for 14 years, and has been CEO for the last three.

Frieberger will step down from his role as CEO immediately but will stay on during his notice period as a director for up to a year. He described working with 888’s talented and highly skilled team as an “honour” and said that stepping down has “not been an easy decision to make”.

Frieberger also made reference to how much the online gaming industry has changed during his time at 888. He said that Pazner will be the perfect person to lead 888 through further changes.

Itai Pazner has been with the group for 17 years across a number of senior management roles. He has been COO since 2017. His track record in delivering new products and strong working knowledge of 888 operations meant he was an obvious candidate for the role.

Frieberger has been praised for his achievements during his time as CEO. In the filing, Brian Mattingley, non-executive chairman of 888, said:

Itai Frieberger has been instrumental in driving the transformation of 888 into one of the world’s leading online gaming companies. The Board understands and accepts Itai Frieberger’s decision to step back from the day-to-day running of the global business and, in order to ensure a seamless transition, we are delighted that he will remain on the Board of 888 over the coming months.Brian Mattingley, 888 non-executive chairman

Itai Pazner also praised Frieberger. Speaking about him and the new role, he said:

Itai Frieberger is hugely admired both within 888 and throughout the online gaming industry and he has been instrumental in the group’s significant development over many years. I am very excited at the prospect of building on his work and continuing to deliver the group’s clear growth strategy.Itai Pazner, 888 CEO

You can read the group’s release at the 888 Holdings website.

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