Mark Brosnan is stepping down as CEO of Irish online betting exchange Matchbook. 

The company has said its CFO, Farzad Peyman, will be acting as interim CEO until a permanent replacement is found. 

Brosnan, who has served as CEO since 2013, will continue to serve as a director at Matchbook’s holding company Newfoundland Limited, and B2B supplier Xanadu Consultancy Limited, advising on technology and strategy. 

Commenting on the news, Peyman said:

“We are enormously indebted to Mark for everything which he has done for this business over the last 16 years.

“Mark is a fantastic business leader who operates with tremendous authenticity and warmth. He has navigated the business through an amazing growth journey and leaves behind a market leading technology stack which is built for scale and business primed for growth.​”

As we reported last month, the UK Gambling Commission suspended Matchbook’s license in February, in response to social responsibility and money laundering failures. Its operating company, Triplebet, was also hit with a £740K fine in April. The company is now undergoing a independent audit with a view to getting its license reinstated. 

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