By Simon Wright Aug 26, 2022
The UK based provider of sports jackpots and slots Colossus Bets have announced that their current Chief Technology Officer Paula Cara Farcas, will take up the position of CEO of the company as they look to expand their reach in the US further develop their provision of pools, tote and cash out technology.
In a press release issued earlier this morning, Colossus’ founder Bernard Marantelli commented: “Paula is a well respected leader who, as CTO, built and controlled our entire technology stack. She combines a deep understanding of our world leading technology with strong commercial acumen, which makes her the natural choice to lead Colossus into the future.”
“Looking at the entire new C-level team, we are really fortunate to have mentored such strong talent internally, allowing us to confidently pass the baton to this next generation of leaders at an exciting time for the company. We could not have done better by looking externally on any level.”
Commenting on her new position heading up the day to day operation of Colossus Bets, Farcas stated: “I am delighted to assume the mantle to lead Colossus into the next stage. I feel really fortunate to have an excellent team in Alberto, Laurence and other long-term employees, who share both an intimate knowledge of our past and an unrelenting passion for our future.”
With Marantelli commenting on the departures of executives David O’Reilly and Eva Karagianni-Goel, who leave as a result of the shake up of the senior management team, stating: “I would like to thank Eva and David for their multiple contributions over the past years and for leading the company to the stage where it is today, serving tens of partners and thousands of users globally. “
“We have built a solid foundation to continue to scale and capture the value of our significant IP and technology assets, including now in the US market.”