Online CFO of Codere, Oscar Iglesias, moves to Board of Directors position.
Oscar Iglesias, the Chief Financial Officer (CFO) of Codere Online, has announced his decision to step down from his position due to personal reasons. Iglesias has been a driving force behind Codere Online's growth, having joined the company in 2021 during a significant growth and transformation phase.
Before joining Codere Online, Iglesias held important roles in Codere Group, including Global Head of Corporate Development and Deputy CFO. His extensive experience in the industry played a crucial role in his successful tenure at Codere Online.
During his time as CFO, Iglesias played an instrumental role in the company's successful public listing, which was completed via a strategic merger with DD3 Acquisition Corp. II. He was also part of Codere Online's Board of Directors between 2021 and 2023.
Iglesias' tenure at Codere Online spans over a decade, during which he was a driving force behind the company's growth from a private company to a Nasdaq-listed organization. His leadership and dedication have been highly valued by the company's chairman, Gonzaga Higuero, who expressed gratitude for Iglesias' contributions.
In Q2, Codere Online reported solid revenue of €54.8m, representing a slight year-over-year increase. The company also saw an impressive 7% year-over-year growth in its average monthly active players.
As Iglesias transitions to a position on Codere Online's Board of Directors, subject to shareholder approval, he will continue to support the company as a shareholder. The change will enable him to continue providing guidance and advice to Codere Online, helping navigate its strategic direction.
Codere Online is a leading online gaming operator with a strong presence in Spain and Latin America. The company is currently searching for a new Chief Financial Officer, with the search ongoing.
Iglesias' resignation is effective upon the transfer of responsibilities to a successor, or December 31, 2025. The company wishes Iglesias all the best in his future endeavors and thanks him for his invaluable contributions to Codere Online's success.
