PrizePicks appoints Mike Ybarra as new CEO
Adam Wexler, PrizePicks’ Founder and former CEO, will be transitioning to the role of Executive Chairman.
Mike Ybarra, former President of Blizzard Entertainment, has been named the new CEO of PrizePicks, effective immediately. Ybarra will also join the Board of PrizePicks and succeeds Adam Wexler, PrizePicks’ Founder and former CEO, who will become Executive Chairman of the company.
“I am unbelievably proud of what we have built at PrizePicks. Through our culture of constant innovation and having a player-first mindset, PrizePicks has achieved explosive growth,” Wexler said.
“Attracting someone with Mike’s background is a true testament to our legitimacy and success to date, and it is a great honor to partner with him. Mike’s track record of introducing fan favorite games, driving development initiatives and scaling large customer bases will propel us to new heights.”
Wexler began PrizePicks in 2017, overlooking the company’s transformation from a startup into one of the more popular daily fantasy sports providers in North America.
“I am impressed with the passion, positive energy and incredible team at PrizePicks and want to thank Adam and the Board for this opportunity,” Ybarra said.
“PrizePicks is the most exciting company in sports entertainment today, and it’s an honor to join as CEO. I have tremendous respect for the foundation that Adam has built and look forward to working with him and the team.”
Jon Hallett, member of the PrizePicks’ Board of Managers, expressed enthusiasm towards the growth sustained during Wexler’s run as CEO, having said, “On behalf of the entire Board, I would like to thank Adam for his tireless contributions as PrizePicks’ Founder, building this organization into one of the leading fan engagement platforms from the ground up.
“Under his tenure, PrizePicks has experienced a period of remarkable growth and enters this transition with an incredible amount of momentum and strength. Mike Ybarra is the right leader for the next phase of the company’s journey, and we are pleased that he will be partnering with Adam to unlock future expansion opportunities.”
As President of Blizzard Entertainment, Ybarra was responsible for its profit and loss portfolio as well as growth achievements. Prior to that role, Ybarra spent nearly 20 years at Microsoft as a Corporate VP in leadership roles within the Windows and Xbox divisions.
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