Esports Entertainment Group (EEG) has named Alex Igelman as its new Chief Executive Officer following an evaluation process.
Igelman will replace Grant Johnson, who left his position as CEO and Chairman of EEG back in December. Former Las Vegas Mayor Jan Jones Blackhurst was named as Johnson’s replacement as Chair of the Board of Directors.
Commenting on Igelman’s appointment, Jones Blackhurst said: “We are excited to have Alex join the senior leadership team. He brings a wealth of knowledge, experience, and fresh perspective as we move the company forward. We welcome Alex to the company.”
With over 30 years of gaming experience including in several leadership positions, Igelman is a gaming lawyer and the Co-Founder of FairP2P and Esports Capital Corp.
One of Igelman’s first tasks as CEO will be to explore the possibility of selling EEG’s igaming assets, as the company noted last month it was considering an offload of the assets “due to increasing regulatory burdens and competition”.
Igelman stated: “I am thrilled for the opportunity to join EEG at this important time in its journey and to work alongside someone as experienced and respected as the new Chair, Jan Jones Blackhurst.
“The company is making significant strides to refine its focus on creating a valuable esports brand and is initially looking inward at some of its key assets to kickstart this process.
“The company also owns certain valuable assets and relationships in the esports sector and there is a substantial growing addressable domestic esports betting market for the company to take a leadership position in.
“The company will continue to structure its operations and financial position to maximize value for shareholders. I look forward to bringing my experience into the leadership of the Company and to focus on the execution of these transformative initiatives.”
With his CEO appointment, Igelman will also receive five million shares in EEG, split evenly across common stock and time-based stock options.