Codere Online CFO Oscar Iglesias to transition to Board role
His departure will take effect upon completion of an orderly transition to a successor, or by 31 December at the latest.
Key points:
– Codere Online CFO Oscar Iglesias to step down by the end of 2025, citing personal reasons
– Iglesias to join the company’s Board of Directors, pending shareholder approval
– He played a central role in Codere’s Nasdaq listing and broader financial transformation
Codere Online has announced that CFO Oscar Iglesias will step down from his executive role for personal reasons, with the transition effective by 31 December 2025, or upon completion of an orderly handover to his successor.
The Nasdaq-listed online gaming operator, which focuses on Spain and Latin America, plans to appoint Iglesias to its Board of Directors, subject to shareholder approval.
Iglesias has served with Codere Online since 2021 and previously held board positions between 2021 and 2023.
His tenure has coincided with significant corporate milestones, including the company’s successful public listing in 2021 through a merger with DD3 Acquisition Corp.
Good to know: Prior to joining Codere Online, Iglesias spent six years at parent company Codere Group, serving as Global Head of Corporate Development and Deputy CFO
Commenting on the announcement, Chairman of the Board Gonzaga Higuero stated: “We are grateful to Oscar for his leadership and dedication over the past decade.
“He has been a trusted partner and a driving force behind our journey from a private company to a Nasdaq-listed organisation. We are pleased that he will remain closely involved with the Company as a member of our Board.”
Iglesias himself added: “I am very proud of what we have accomplished together, having successfully delivered on the plan we set out to investors in 2021.
“While I have made the personal decision to move on from a day-to-day role in the Company, I look forward to continuing to support Codere Online as both a Board member and shareholder of the company.”
The transition comes during a period of steady performance for Codere Online. The company reported €111.8m ($130m) in net gaming revenue for the first half of 2025, representing a 4% year-on-year increase.
Mexico remains the operator’s primary market, contributing €59.5m during H1 2025 – a 9% increase compared to the previous year. Meanwhile, Spanish operations generated €44m, remaining flat year-on-year.
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