Supplier Playtech has announced that the company’s CFO Andrew Smith will be stepping down due to personal reasons. The company highlighted Smith’s significant contribution to Playtech’s strategy and how he helped guide it through a period of “substantial transformation.”
Smith will officially step down from the role on November 28 and act as Executive Director from that date onwards. Chris McGinnis will succeed Smith as CFO, a promotion from his current employment as Deputy CFO and Director of Investor Relations at Playtech.
Before his Playtech career, McGinnis was Head of Corporate Strategy at the software company Temenos. Beginning his career at Deloitte in Canada, he qualified as a Chartered Professional Accountant. Following this, McGinnis worked in Equity Research for UBS in Canada and at the Bank of America Merrill Lynch in the UK.
Playtech Chairman Brian Mattingley commented: “On behalf of the Board, I would like to thank Andy for the contribution he has made to Playtech over the past seven years, and in particular since taking over as CFO in 2017.
“Andy has played a crucial role at the company, helping to steer the business through the pandemic including delivering a record half-year performance in H1 2022, and leading the recent successful refinancing of Playtech's external debt in light of the upcoming bond maturity. We wish him all the best in his future endeavors.
"I am delighted that Chris will be joining the Board as CFO. In addition to his deep knowledge of Playtech and the sector, he brings a strong set of financial and strategic skills that will be invaluable as the company looks to deliver further growth."