888 Holdings has announced that Itai Pazner is to become the company's new CEO, replacing Itai Frieberger who is stepping down.

Pazner, formerly the group's chief operating officer, steps into a role that Frieberger is vacating after 14 years spent with the business. Frieberger is to stay on as a director for the next 12 months to ease the transition.

Pazner spent more than six years as senior vice president of the group's B2C division, where he oversaw brand development and had oversight of marketing, customer support functions and operations, before becoming COO two years ago.   Itai Pazner, new CEO of 888, said: "I am honoured to become the new CEO of 888. 888 has a brilliant team and culture across the business, which is led by a talented and vastly experienced operational management team."   "Itai Frieberger is hugely admired both within 888 and throughout the online gaming industry and he has been instrumental in the Group's significant development over many years.

"I am very excited at the prospect of building on his work and continuing to deliver the group's clear growth strategy by further enhancing our technology and growing 888's presence across products and global regulated markets."