Greg Carlin resigns as Rush Street Interactive executive chair
Former CEO steps down from board of online division
Rush Street Interactive (RSI) co-founder Greg Carlin has resigned from the company’s board of directors and as executive chair.
Carlin, who founded Rush Street Gaming in 2009 and oversaw its eventual expansion into the online gambling industry via RSI, resigned from his post on 28 December.
Carlin founded the firm alongside Richard Schwartz and Neil Bluhm and acted as CEO of RSI until August 2020 when he handed the reins over to Schwartz.
In an SEC filing, the Chicago-based firm said: “Mr. Carlin’s decision was not the result of any disagreement with the board or the company on any matter relating to its operations, policies or practices.”
The statement continued: “The company and the board express their sincere appreciation for Mr. Carlin’s service to the company and his valuable contributions to the board.”
In line with Carlin’s resignation, he has agreed to 12-month period in which he will not sell more than four million shares of the company’s Class A common stock currently $16.53(£12.23).
This relates to less than 12% of Carlin’s directly, or indirectly, held common stock in the company.
Rush Street confirmed Carlin’s position on the board of directors and his place on the compensation committee of the board would remain unfilled and a suitable candidate would be appointed in due course.