888 Holdings promotes Itai Frieberger to CEO

Online gambling firm 888 Holdings has promoted Itai Frieberger to chief executive officer from chief operating officer with immediate effect.

Frieberger has been COO since April 2011 and joined the board in May 2015.

Chairman Brian Mattingley said: “Itai has played a vital part in 888's success to date and has unique market insight and experience to lead the next chapter in 888's progress.

"Itai is admired throughout the online gaming industry and has been instrumental in the company's development in recent years. He is therefore, without doubt, the natural choice to take 888 further forward in the rapidly growing online gaming market.”

Mattingley, who has been executive chairman since 13 May 2015, will become non-executive chairman with immediate effect.

At 0942 GMT, 888 shares were down 0.3% to 179.20p.