David Baazov to Step Down at Amaya For the time being, as Allegations Mount

David Baazov to Step Down at Amaya For the time being, as Allegations Mount

David Baazov will need a short-term break from his duties as the CEO and chairman of Amaya, the organization announced today. The gaming that is canadian stated in a presser that Baazov, whom is facing five as-yet-unproven charges of insider trading, will likely be replaced in the interim by Rafi Ashkenazi as CEO, and Divyesh Gadhia as president.

David Baazov is taking an indefinite leave of absence from their responsibilities as CEO and president at Amaya. The company has conceded it has to take the latest allegations ‚seriously.‘

Ashkenazi is the recently appointed CEO of Rational Group, while Gadhia is an Amaya director since 2010. Gahdia also chairs the ‚Special Committee‘ of independent directors established on 1 to oversee Baazov’s private takeover acquisition proposal february.

Baazov’s decision is ‚voluntary,‘ according to Amaya, and certainly will give him the opportunity ‚to focus on preparing an offer to acquire Amaya and to avoid a distraction for the company .

The message is that Baazov’s bid to take the company private is still in the pipeline, however unlikely it now generally seems to an outside observer. Meanwhile, the reshuffle within the board room shows that the Board’s faith in its chairman and CEO been shaken by the broadening that is sudden of scope associated with AMF investigation.

Baazov ‚Main Source‘ of Privileged Information

Amaya’s formerly stated faith that Baazov woul Pokračovat ve čtení „David Baazov to Step Down at Amaya For the time being, as Allegations Mount“

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