Daily Banking News

Guild Esports PLC executive chairman steps down

Non-executive director Derek Lew has been appointed as non-executive chairman, while Chris Sullivan will assume the role of senior independent director

() said Carleton Curtis has made the personal decision to step down as executive chair and following discussions with the board has left the company.

“It has been a great privilege to lead Guild’s development during its most crucial and formative time. I am proud to be handing over the baton as the business makes strong strides ahead and is well placed to prosper in the years ahead”, Curtis said in a statement.

READ: Guild Esports agrees player transfer deal with Saudi esports team

The esports team organiser and branding firm said non-executive director (NED) Derek Lew has been appointed as non-executive chairman and will lead the board’s oversight of the executive management team and the company’s strategy in the next stage of its growth. Lew has 25 years’ capital markets experience in North America and the UK and is an active esports investor.

Guild also said fellow NED Chris Sullivan will assume the role of senior independent director with immediate effect. Sullivan is the current deputy chairman of () and has 43 years of experience in senior leadership roles with major international banks and insurance companies.

“The board has moved quickly to establish a non-executive role for the new chairman and will continue to have full oversight of the management team and the company’s strategy under chief executive Kal Hourd. Kal’s key responsibilities include delivering on the company’s long-term revenue and bottom-line objectives, as well as forging relationships with global brands. He is well supported by a highly experienced and talented cross-functional management team that has already set a strong momentum for the business”, Lew said.

“On behalf of the board and all our colleagues, I want to thank Carleton for his leadership which has laid a strong foundation for Guild’s long-term growth. He has led the company through its early development and thanks to his passion and drive Guild has emerged as a leading esports organisation in a relatively short period of time since its flotation in October 2020.  We wish him all the best for the future. As a co-founder of and shareholder in the company, I remain fully committed to executing our business strategy and vision to build a major global esports organisation. Guild is making excellent progress on all fronts and I look forward to continue working with the Board to create long term value for shareholders”, added Guild chief executive Kal Hourd.

The firm said its business operations and strategy remain unaffected and the company continues to trade in line with management expectations.

Read More: Guild Esports PLC executive chairman steps down

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