Esports betting and entertainment company Esports Entertainment Group (EEG) has announced the reappointment of Damian Mathews as its new Chief Operating Officer (COO).
Mathews rejoins the senior management team following his tenure as the company’s Chief Financial Officer (CFO) in April 2022. He was subsequently appointed COO in June 2022 until his resignation from both roles in December 2022.
Mathews has also served on EEG’s board of directors since 2020, a position he will continue to hold.
According to a release, Mathews played an integral role in streamlining the Group’s operations and advocating for critical changes within the organisation during his short tenure as CFO and COO last year. Additionally, it states that Mathews’ decision to rejoin the Group reflects his ‘complete alignment; with the company’s new direction.
In a release, EEG’s Chief Executive Officer (CEO) Alex Igelman said: “Despite his [Mathew’s] departure, he continued to serve as a dedicated member of the board where he felt he could have the greatest impact.”
Igelman reassured clients of Mathews, saying that he has the “full support of the board, which believes his experience in global business operations and the gaming industry makes him ideally qualified to help lead the Company in our next phase of growth, with a laser focus on profitability and driving shareholder value.”
Before breaking into gaming and esports, Mathews has over 20 years of professional experience in the finance field, from working as a financial controller at investment and retail banking companies to working as the CFO at Commonwealth Bank.
Damian Mathews shared his excitement in a public statement: “I am excited to return to the executive team at Esports Entertainment Group. Since leaving my position as the company’s CFO/COO in December, and in my ongoing role as a member of the Company’s Board, I have witnessed firsthand the dramatic turnaround, led by Alex, in just a few short months since he joined the company.
“I could not be more confident in the new leadership and direction of the company and look forward to playing a key role in driving the financial and operational success of the Company.”