Codere names new CEO, non-executive chairman

Codere has appointed Vicente Di Loreto as its new chief executive and Norman Sorensen Valdez as non-executive chairman.

Di Loreto is a founding partner of G3M Partners and was chief executive until joining Codere.

Now set to lead executive duties within Codere, Di Loreto has held management positions with various other major companies, such as Pepsi, Bunge and Grupo Clarín.

“It is time to strengthen Codere’s leadership in its current markets, while increasing resources and efforts in on-line markets, enhancing the integration between them and enriching the value proposition for our customers,” Di Loreto said.

“All of this without neglecting growth opportunities that could arise, particularly in a market such as Brazil, which is not yet regulated.”

Valdez takes on his new role non-executive chairman having been a member of the Codere board of directors since 2016.

He will be tasked with developing corporate government tasks and providing his experience in the design of the business strategy.

Valdez said: “We face this new stage of Codere with the hope of making a great project grow.

“We have the certainty of being able to count on the talent and potential to face a promising future to continue at the forefront of the private gaming sector.”

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