Codere Online appoints Marcus Arildsson as CFO

• Codere Online names Marcus Arildsson as Chief Financial Officer.
• Oscar Iglesias to join Board of Directors following transition.
• Arildsson brings 25 years of international finance and executive experience.

Codere Online has appointed Marcus Arildsson as its new Chief Financial Officer.

This leadership change follows Oscar Iglesias’s tenure as CFO, with Iglesias expected to join the company’s Board of Directors after an orderly transition and pending shareholder approval at an upcoming Extraordinary General Meeting.

Experienced international finance executive

Marcus Arildsson is a senior finance professional with more than 25 years’ experience in investment banking, equity markets, and corporate finance. His career began at Lehman Brothers and Merrill Lynch in London, where he worked on more than €9 billion in mergers and acquisitions, initial public offerings, and equity-linked transactions.

During twelve years at Arcano Partners in Madrid, he advised on over €5 billion in transactions. He has held CFO and executive committee positions at several companies, including Millenium Hospitality Real Estate and Sonae Sierra. Most recently, he served as CFO at Ladorian, a retail media technology business.

Arildsson holds an MBA from Northwestern University’s Kellogg School of Management and a BBA from James Madison University. He is fluent in English, Spanish, and Swedish.

New leadership outlook

Speaking about his appointment, Mr Arildsson said:

“I’m thrilled to join Codere Online, a company that has demonstrated outstanding execution and discipline since becoming public. Its success reflects a strong team and clear vision and I look forward to contributing to the next chapter of that journey.”

Codere Online’s CEO, Aviv Sher, commented:

“Marcus is a seasoned financial executive whose leadership and experience will be invaluable as we continue executing our plan. We also thank Oscar for his many contributions and for ensuring a seamless transition; we look forward to his continued involvement at the Board level.”

Chairman of the Board, Gonzaga Higuero, added:

“On behalf of the Board, I am pleased to welcome Marcus to Codere Online. His extensive experience in corporate finance and investment banking, combined with his international background, make him an exceptional addition to our leadership team.”

A strategic appointment for growth

Codere Online, part of the Codere Group, operates online sports betting and casino services primarily across Spain and Latin America. The appointment of Mr Arildsson reflects the company’s focus on strengthening its finances as it pursues expansion in these key markets.

The transition also brings enhanced board-level expertise with Oscar Iglesias joining as a director following his CFO tenure, supporting the company’s strategic oversight.

This leadership change will be important to investors and industry observers monitoring Codere Online as it navigates competitive market conditions and seeks sustainable growth. Mr Arildsson’s experience is expected to aid the company in achieving its operational and financial objectives.

Codere Online’s background

Codere Online is a leading online sports betting and casino operator serving key markets primarily in Spain and Latin America, including Mexico, Colombia, Panama, and Buenos Aires, Argentina.

It is part of the broader Codere Group, a multinational operator with over 40 years in the gaming industry, combining online and physical casino operations across seven countries.

Since its start in 2014 and its 2021 Nasdaq listing as the first Latin American gaming company to do so, Codere Online has developed prominent online betting brands, including Codere Apuestas, Codere.mx, and Codere Colombia.

The company holds official partnerships with major football clubs such as Real Madrid in Latin America and Rayados de Monterrey in Mexico.