Newgioco Group

Newgioco Group taps finance executive Mark Korb as CFO

Korb’s experience in change management, reporting and public offerings will directly benefit Newgioco as it looks to list on a major exchange, according to CEO

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Newgioco is preparing to list its stock on a major exchange

Newgioco Group Inc (OTCMKTS:NWGI), the global sports betting and gaming technology company, announced Wednesday that it has appointed Mark J Korb as its new chief financial officer.

Korb has over 28 years of experience in finance in both multinational businesses and startup operations. Working in a leadership capacity as CFO, he led full group financial functions through mergers and acquisitions.

The new finance executive was also responsible for leading IT strategy and implementation for Foodcorp (Proprietary) Limited, a large consumer goods company in South Africa.

READ: Newgioco Group adds Clive P. Kabatznik as an independent director

Korb’s experience in change management, GAAP and SEC reporting as well as IPOs will directly benefit Newgioco as it looks to list on a major exchange, according to the company’s CEO.

“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,” said CEO Michele (Mike) Ciavarella in a statement.

“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.”

Toronto-based Newgioco provides a full suite of leisure gaming products and services, such as sports betting, virtual sports, online casino, poker, bingo, interactive games and slots.

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Quick facts: Newgioco Group

Price: 0.39 USD

Market Cap: $32.76 m


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