Italian betting technology group Newgioco Inc has undertaken an executive management restructure, targeting future expansion and growth within the liberalised US sports betting market.
Updating investors, Newgioco welcomes four new faces to its executive management team, as the company restructures its financial and commercial divisions to take on future US market challenges.
US finance and technology veteran Elizabeth J Maclean is set to head up Newgioco’s capital planning strategy as Vice President of Finance & Accounting.
Maclean will be supported by North American tax and auditing specialist Jay Cardwell, who take on the executive position of Interim Chief Financial Officer (CFO).
Leading Newgioco’s US business initiatives will be former Echelon Wealth and Cantor Fitzgerald technology executive Ralph M Garcea as Vice President of Corporate Development.
The US restructure sees Newgioco appoint investor relations management expert Bill Mitoulas as Vice President of Corporate Communications.
Assisting the US team’s development will be former Newgioco Group President Alessandro Marcelli, who takes on the position of Chief Operating Officer.
Michele Ciavarella, CEO of Newgioco Group Inc. commented, “The collective strength and experience of the Newgioco management team and board of directors has greatly been improved with these additions. Each of the new appointees bring years of experience and skillsets which will be instrumental to the Company’s success as it looks to establish entry into the US sports betting market. I am absolutely delighted where Newgioco finds itself today, excited on executing on our growth strategy, and sincerely welcome our new team members to the Newgioco family.”