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Codere appoints new board member at annual general meeting

| By Dan Kleiner
Gambling operator Codere has appointed Michal Elimelech as a new member of its board of directors, replacing Oscar Iglesias.
Raketech CEO

Elimelech joins the list of four directors on the board nominated by Codere. He previously held multiple positions at 888 including head of US marketing, head of bingo and head of developed markets for Europe, Middle East and Africa.

Most recently, he served as COO of Passiflora and CMO of Space Ape Games.

Patrick Ramsay, chairman of the board of directors said that the company was thrilled to have Elimelech join the board.

“Her experience in digital marketing and expanding businesses into new markets is a perfect fit for Codere Online as it continues to pursue its growth plans in Spain and Latin America,” Ramsay said.

Codere also approved the appointment of Borja Fernández as chairman of the audit committee, who was previously a non-voting observer.

The operator also established a compliance committee under its board structure with Ramsay as chairman. Elimelech was also listed as a member along with Rafael Catalá, Mark Dunn and Yaiza Rodríguez.

Revenue increase

Recently, Codere reported that it was able to significantly reduce its net loss during the first quarter of 2023. The company saw a 54.9% increase in net gaming revenue and posted year-on-year growth across all its operating markets in the same period.

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