Parimatch opts for joint leadership in corporate overhaul

Parimatch has overhauled its corporate leadership structures, in order for the CIS betting group to take advantage of new commercial opportunities. 

This afternoon, Parimatch confirmed that Sergey Portnov had relinquished his role as Group CEO to become Chairman of the Board. 

Portnov’s leadership duties will be shared with Parimatch senior partners Roman Syrotian and Maksym Liashko, serving as the firm’s joint Chief Executives.

Parimatch disclosed that Liashko would oversee the firm’s day-to-day finance and compliance operations, whilst Syrotian will be charged with leading Parimatch’s tech, marketing and product development units.  

 “A dual CEO structure is a logical move and consolidation of the company’s growth directions. We know our areas well, and we will do everything to implement the company’s plans to enter the next level of development,” Liashko explained

Supporting its leadership change, Parimatch has restructured its ‘supervisory board’ which will be led by Portnov as Chairman, with Liashko and Syrotian maintaining their directorship duties.

Parimatch’s new board will include long-term company executive Katerina Belorusskaya, who currently serves as chair of the Parimatch Foundation – the CIS betting group’s charitable arm.

Belorusskaya will be joined by Marek Šmrha as a non-executive director advising Parimatch’s new board.

“Updating the company’s structure and creating a board is an indicator of Parimatch’s maturity and readiness. Now is the best time for such changes,” Portnov commented in his first statement as Parimatch chairman. 

“I am sure that this will strengthen the brand’s strategy and will allow the large ship that is Parimatch to move along the route more rapidly.”