News Industry 25 Feb 2022
New CEO plans for Codere Group
By Gambling Insider
Vicente Di Loreto, Codere Group’s current CEO since January 2018, is to leave his leadership role; but he intends to remain as a board member and senior advisor to the management team.
Following a career spanning 35 years, this decision has been made to allow him more time to spend with his family, as well as on personal projects; he will, however, maintain an attachment to the organisation through his new advisory role on the board.
Subject to shareholder approval, this transition will be completed on 30 June. Executive duties will be transferred from Di Loreto to Alberto González de Solar and Alejandro Rodino, both of whom will commence their roles as Co-CEOs on 1 July 2022.
Di Loreto commented: “It has been an honour these last four years to be CEO of Codere Group. Alejandro, Alberto and I have been working together for many years and I am convinced this new arrangement captures what is best for the company. On completion of the restructuring, I have made a lifestyle decision and decided to pass on the baton of executive responsibility.
“This will allow me to have more time and flexibility, but my commitment to the project, the new board and the management team will remain intact in my new role as director and senior advisor to the management.”
At present, Rodino is Chief Strategy and Corporate Areas Officer. Previously, he worked as Retail COO for Spain. He holds much experience from the gaming industry and has been involved with Codere since 2003, either as a consultant or as an employee in a range of positions.
Past employment was in investment banking, largely focusing on mergers and acquisitions, fundraising and strategic consultancy.
Alberto González del Solar has been Retail COO since 2019. Before this, he assisted the previous Retail COO in Latin America, provisionally holding the position of IT and Platform Director; in addition, he was part of the team implementing the Transformation Plan of the group. Before joining Codere he worked in management roles for several Argentinian companies.
Christopher Bell, Codere’s non-executive Chairman of Nueva Codere, said: “Under the leadership of Vicente Di Loreto, the Company has achieved both an operational transformation and financial restructuring in extremely challenging circumstances. We are grateful for his achievements and fully support his decision, convinced that from his new position of responsibility he will continue to contribute knowledge and experience of great value to the Group.
“Alejandro Rodino and Alberto González del Solar are two professionals with in-depth knowledge of the industry and renowned throughout the company, within which they have been cooperating from several positions of responsibility for more than 15 years.”
Gaming and Leisure Properties (GLPI) has revealed its financial report for Q4 and the year ending 31 December 2021. Overall, GLPI’s total revenue reached $298.3m for Q4, which…
Lotteries have long been one of the most popular forms of gambling, but historically the vast majority of proceeds have gone to the National Lottery. Given the huge sums invested by…