Newgioco Group, Inc. (“Newgioco” or the “Company”) (NWGI), a global sports betting and gaming technology company providing fully integrated software solutions to regulated online and land-based gaming and sports betting operators, today announced the engagement of Mark J. Korb to the position of Chief Financial Officer, effective immediately.
Mr. Korb is a proven Chief Financial Officer with over 28 years of experience in multinational business planning and analysis for high-growth companies, as well as expertise taking startup operations to the next level. He has served with various private and publicly listed companies in many leadership capacities including group CFO, delivering operational and strategic leadership as well as full group financial functions through mergers and acquisitions. As a board member, he has cultivated relationships with shareholders, bondholders, financial institutions, rating agencies, and auditors. Mr. Korb was also responsible for leading the group IT strategy and implementation and supervised 16 direct reports including 10 divisional financial directors for Foodcorp (Proprietary) Limited, a multi-million-dollar consumer goods company based in South Africa.
He is proficient in change management, and in preparing and delivery of financial presentations to executives, board members, bond holders and rating agencies. Significantly, Mr. Korb has extensive experience in GAAP, IFRS and SEC Reporting, as well as IPO’s, High-Yield and Eurobond High Yield markets. In addition, he has experience with cross-border and foreign currency risk management, turnarounds, M&A, P&L and international business expertise among other strengths. Mr. Korb holds a Chartered Accountant certification from South Africa.
“Mr. Korb will provide valuable consulting services to the Company, including the financial expertise and compliance required of public companies in light of the Company’s planned listing of its common stock,” stated Newgioco CEO, Michele (Mike) Ciavarella. “Mark’s international experience and established relationships should directly benefit Newgioco as we seek to expand our geographic presence into new markets such as South Africa, South America and the United States.”