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Newgioco names Mark Korb as finance chief


Sports betting solutions provider Newgioco Group has appointed Mark Korb as its chief financial officer, effective immediately. 

Korb is described as a highly experienced finance chief, with more than 28 years’ experience working for multinational, high-growth, public and private businesses. 

The supplier has been in the hunt for a new CFO since Elizabeth MacLean, who held the role since December 2018, left the company. 

“Mr Korb will provide valuable consulting services to the company, including the financial expertise and compliance required of public companies in light of the company’s planned listing of its common stock,” Newgioco chief executive Michele Ciavarella said. 

“Mark’s international experience and established relationships should directly benefit Newgioco as we seek to expand our geographic presence into new markets such as South Africa, South America and the United States.”

The supplier aims to list on a US stock market as part of its expansion plans in the US. It has already appointed Paul Sallwasser and Steven Shallcross, two executives with experience of serving on listed companies’ boards, as independent directors.

This was followed by the launch of a new mobile wagering platform, with which it aims to secure new US customers.