Brown will assume his role with the business in January 2024 as a permanent replacement for David Flynn, who stepped down in December last year. Co-founder Jorgen Nordlund has been serving as interim CEO.
As CEO, Brown will lead Glitnor’s ongoing growth plans. This includes expanding its igaming operations and games development studios in Europe, North America and Latin America.
He joins the business after seven and a half years at GiG, the majority of which was as CEO, having served in the role since November 2019. Prior to this, he had spells as chief operating officer, chief digital officer and managing director for GiG Media.
Earlier in his career, Brown held a number of positions with Highlight Media Group and also had spells with Web Guide Partner and THG Sports.
Long-term ambition
“I am honoured to take on the role of CEO of Glitnor Group,” Brown said. “The teams have built a fantastic position in the industry. I look forward to working with them to further capitalise on the number of opportunities the business has ahead of it.
“The group’s long-term ambition is impressive, supported by founders with a proven track record of success. I am extremely excited to help add value towards achieving those goals for the business, the groups staff and its shareholders.
Co-founder Nordlund added: “By appointing Richard, I believe Glitnor has secured one of the industry’s top C-level talents. I’m looking forward to the positive impact he’ll have on our business as we look to strengthen our brands and enter more markets in the future.
“Given the successful nature of his time at GiG and the wealth of igaming experience he has in general, I’m certain Richard has all of the necessary skills to help take Glitnor to a new level.
“I think I speak for everyone when I say we can’t wait to work with him as we enter our next phase of development.”
“Time was right” to exit GiG
Confirmation of Brown’s appointment comes after last month he announced that he would leave GiG by the end of 2023.
During his tenure as CEO, the group has continued to expand into new markets, completed major acquisitions, sold off its B2C assets to Betsson and delivered record revenues in Q1 2023.
His exit came in the wake of a strategic review that could see GiG split into two independent corporate entities. The affiliate arm GiG Media, led by CMO Jonas Warrer, will continue under its current leadership, meaning the platform and sportsbook business is on the hunt for a new CEO.
Reflecting on his time at GiG, Brown said while he enjoyed working for the group, the “time was right” for a new challenge.
“I was fortunate enough to enjoy an incredible eight years at GiG with the last four as CEO,” Brown said. “But the time was right for me to embrace a new challenge at what I truly believe to be one of the most exciting business groups in the igaming industry.
“I very much look forward to starting in the New Year.”