Bragg Gaming Group CFO to depart in June
Ronen Kannor calls time on four-year spell as supplier confirms hunt for his replacement has already begun
Bragg Gaming Group CFO Ronen Kannor is set to leave the supplier on June 3 to pursue “other career opportunities” after four years with the business.
Kannor originally joined Bragg in May 2020 from Stride Gaming, where he served as the firm’s CFO for almost six years.
Bragg confirmed that a search for Kannor’s replacement has already commenced, although no timeline has been provided on when the firm expects to have a successor in place.
Kannor’s decision to depart comes after Bragg put together a special strategy committee to review a possible sale of the company.
The committee, which is chaired by board member Don Robertson, will consider the sale of the firm or its assets, as well as a potential merger, financing, or additional transactions.
The CFO’s exit will also come less than 12 months after Bragg named chair Matevž Mazij as CEO to replace former 888 head Yaniv Sherman, with immediate effect.
Touching on his decision to leave the business, Kannor said: “It has been an honor to be part of the Bragg team which has successfully navigated many challenges and continued to deliver consistent growth over the past four years.
“I thank the board for their support throughout my time with Bragg, and I am now fully focused on ensuring a smooth handover to my successor.
“Special thanks goes to my finance team, who work tirelessly to deliver the positive change and financial growth that the company continues to achieve. I wish them and all of my colleagues continued success with Bragg now and in the future,” he added.
CEO Mazij praised Kannor’s contribution to the group, describing the exec as a “pivotal member of the leadership team.”
Mazij said: “During his tenure as CFO, the company has undergone huge positive transformation including being uplisted to the Toronto Stock Exchange, dual listed on the Nasdaq, and successfully completing two acquisitions, all while reporting consecutive years of revenue, gross profit, and adjusted EBITDA growth. We wish Ronen all the very best in his future endeavours.”
Elsewhere, Bragg reported a 1.4% uptick in Q4 2023 revenue to $25.3m, with the supplier noting revised commercial terms with a key strategic partner having played a role in the flat growth.
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