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CFO Leaving Software Developer

The latest online casino gambling industry news has the Playtech Chief Financial Officer leaving the company after only a year working at Playtech. Guy Emodi announced his plans to leave the prominent online casino software development company but also noted that he will stay on for a time to ensure that the transition to a new CFO runs smoothly. The internet gambling industry is rampant with top professionals switching companies every couple of years and the such, so for may this announcement comes as little surprise. With Emodi’s official resignation in place and common knowledge, the company is now actively searching for a new CFO to fill the spot.

Thankfully though, Playtech has the time to find a new CFO – Moshe Barak was the former CFO at Playtech and currently acts as executive director. Barak will act as CFO for the online casino software development company until a suitable replacement can be found. And as noted, not only is Barak a former CFO, but Emodi also noted that he will stay on long enough to ensure a smooth transition.

Though shifts in upper level management at the online casinos is quite common, some were actually a tad confused as to why Emodi is leaving after only a year at Playtech. And as for where Emodi plans to go? The only information given indicates that Emodi is looking to “pursue other business interests.” All of the concern aside though, both sides are very positive about the resignation which indicates that there is no bad-blood between Playtech and Emodi.