Giant international gaming operator Codere has made two appointments to its board.
Norman Sorensen Valdez is now non-executive chairman and Vicente Di Loreto has been named as chief executive.
The Spain-based group said in a release that the appointments were made because the board felt “a new leadership is necessary to drive profitable growth and maximise shareholder value.”
Loreto, in a statement, said: “It is time to strengthen Codere's leadership in its current markets, while increasing resources and efforts in online markets, enhancing the integration between them and enriching the value proposition for our customers. All of this without neglecting growth opportunities that could arise, particularly in a market such as Brazil, which is not yet regulated.
"Codere is a great organisation that has managed to be at the forefront in recent decades; our intention is to continue creating value and enhancing our experience to address new projects and capture opportunities for growth.”
Sorensen has been on the board since 2016 while Loreto is a founding partner in G3M Partners, where he was CEO. He has extensive experience in management positions in big companies, including Arthur Andersen, Pepsi and in Codere itself where he was CEO for Argentina and then COO for Latin America.
