Lottery.com Says Terminated Mark Gustavson From His Role As CEO
Portfolio Pulse from Benzinga Newsdesk
Lottery.com has terminated Mark Gustavson from his role as CEO. Matthew McGahan, the Chairman of the Board of Directors, has been appointed as interim CEO until a permanent replacement is found. McGahan has resigned from all committees of the Board of Directors of which he was a member.
July 20, 2023 | 9:25 pm
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Lottery.com has terminated its CEO Mark Gustavson. Matthew McGahan, the Chairman of the Board, will serve as interim CEO.
CEO changes can cause uncertainty among investors, potentially impacting the stock's performance. However, the appointment of an interim CEO who is already familiar with the company may mitigate some of this uncertainty. The impact on the stock price will depend on how investors perceive this change and the company's future direction.
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