Ex-IGT exec Marilyn Jentzen appointed Interim CFO at Inspired

December 26, 2023
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Virtuals and casino supplier has accepted resignation of Stewart Baker, who joined the group in September 2014.

Inspired Entertainment has appointed former IGT executive Marilyn Jentzen as its Interim CFO and 'principal accounting officer,' following the resignation of Stewart Baker from the same role.

Baker's resignation was accepted on 20 December, ending a nine-year association with the group, and a search process for his permanent successor has already been initiated; a "leading search firm" has been retained to assist with the process.

Baker will, however, 'continue to serve' throughout 2024 and assist with the CFO transition.

Jentzen was most recently Founder and CEO of Innovative Impact Consulting, although she also has direct gaming experience as SVP, Finance for IGT, which came after spells at Thomson Reuters and Deloitte.

The appointment follows another C-Level hire back in October, when Ian Freeman became Inspired's CCO.

Perhaps more directly relevant to the organization's CFO transition, Inspired recently had to delay the reporting of its Q3 results, which prompted an "expected" standard notification letter from Nasdaq.

In terms of its trading on the Nasdaq Stock Market, 2023 has also been a difficult year for Inspired's share price, which has fallen roughly 26% to $9.44.

However, December has shown more promise for the supplier, with stocks up 19%.

Elsewhere for the company, Inspired partnered with Caesars Digital last month to supply its patent-pending Hybrid Dealer technology.

Back in June, meanwhile, Inspired extended its contract with another big-name operator in bet365.

Inspired President and CEO Brooks Pierce said of the company's CFO transition: "We are pleased and fortunate to have a leader of Marilyn’s caliber step into the role of Interim CFO. Marilyn is a strategic, results-oriented executive with proven success leading, developing and improving multi-national finance operations at publicly listed companies.

"She is well-positioned to support the continued execution of our financial priorities while the Board conducts its search for our new CFO. I’d like to thank Stewart for his many years of service and contributions to Inspired Entertainment."

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