Playtech is parting ways with its Chairman Alan Jackson, the gambling tech supplier said today in its Annual General Meeting trading statement
In today’s trading statement, Playtech said that its Board will “now turn its attention to overseeing a full, thorough succession planning process to identify a new Chairman.” Mr. Jackson took on the role in 2013.
News about his departure arrived shortly after reports emerged that company investors were planning to vote against his re-election as Chairman during today’s General Annual Meeting.
Playtech shareholders have turned sour on the company due to its latest remuneration package that awarded an 18% bigger base salary and 46% bigger pension contributions to CEO Mor Weizer, although the gambling provider has issued two profit warnings in recent years.
Mr. Weizer earned a base salary of €1.13 million in 2018, up from €950,336 in 2017.
However, his overall pay of €3 million for 2018 was 28% less than what he received the prior year due to a lower performance bonus.