SpringOwl’s Jason Ader Proposes to Expand Board and Add Four New Independent Directors to the bwin.party digital entertainment Board at its Forthcoming Annual General Meeting
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"SpringOwl has made numerous attempts to work with the incumbent
"We are seeking to add four highly qualified candidates to the Board who are committed to i) restoring an alignment between the actions of the Board and the BPTY shareholders, ii) adopting best practices of corporate governance and iii) working with Management to pursue any and all alternatives available to maximize long-term shareholder value," he continued.
The proposed new Directors, who are accomplished in their respective fields with a diverse set of experience necessary to effect meaningful change, are:
Michael B. Fertik Michael Fertik is the CEO, Chairman, and Founder of Reputation.com. He has been named Entrepreneur of the Year by TechAmerica, World Economic Forum Technology Pioneer and a member of theWEF's Global Agenda Council on the Future of the Internet .Mr. Fertik is the named inventor on multiple patents in the fields of technology and data science. He is the author of the bestselling book Wild West 2.0 (AMACOM 2010) as well as the upcoming Reputation Economy (Crown 2015). He is a regular contributor toHarvard Business Review ,Forbes, Inc. , Scientific American,Bloomberg ,CNBC ,BBC and the LinkedIn Influencer blog on topics including entrepreneurship, technology, innovation, data-driven leadership andSilicon Valley .Francis X. Grady Mr. Grady is the founder ofGrady & Associates (founded in 1994), a boutique law firm devoted to the representation of banks throughout the United States.Mr. Grady provides bank regulatory, corporate and securities law representation to banking organizations in matters involving bank supervision, payment and credit card processing, bank regulatory enforcement actions, executive compensation and shareholder relations. Prior to foundingGrady & Associates ,Mr. Grady held positions with the law firms Seeley, Savidge & Aussem;Hahn, Loeser & Parks and Muldoon, Murphy & Faucette.Mr. Grady began his career in the Honors Attorney Program at theFederal Deposit Insurance Corporation inWashington, DC , where he worked from 1984 to 1986.Kalendu Patel Kal Patel is a private venture capital investor and advisor to emerging disruptive technology companies. From 2012 to 2013,Mr. Patel was Executive Vice President and a Member of Executive Committee ofLRN Inc. , with responsibility for global strategy and operations. From 2011 to 2012,Mr. Patel was aLondon -based Partner and Senior Advisor ofVantagePoint Capital Partners , a venture capital firm focused on Energy/Resource Innovation, Information Technology and Healthcare, where he led the firm's global strategic partner initiative. From 2003 to 2011,Mr. Patel was a senior executive at Best Buy Co., Inc., where he rose to become Chief Strategy Officer and President and Chief Executive Officer of Best Buy Asia as well as running the Company'sBest Buy Venture Capital Fund . Prior to Best Buy,Mr. Patel served as a Senior Partner atStrategos Inc , CA, strategy innovation consulting firm. Prior to Strategos, Kal worked atKPMG Consulting , where he co-founded and led the Business Transformation Practice.Mr. Patel was born inKenya and raised inZambia and the United Kingdom.Steven M. Rittvo Steven Rittvo is the founder ofThe Innovation Group of Companies and has served as the Chief Executive Officer of a number of the individual component companies since the founding in 1999. The Innovation Group is an integrated service organization focused on the terrestrial and online casino and gaming industry. Its clients, in over 65 countries, include National and State Governments, publicly and privately owned casino and gaming operators and equipment providers and leading financial institutions. The services provided byThe Innovation Group of Companies include project feasibility studies, financial analysis, development of marketing plans, restructurings and reorganizations, operational and situational audits, financing and M&A advisory.Mr. Rittvo has been identified byGlobal Gaming Magazine as "One of the 10 Most Influential People in Gaming." An acknowledged thought leader in online gaming,Mr. Rittvo founded iGamingNorth America , the first major US-centric Internet Gaming conference.Mr. Rittvo also produced and published the first comprehensive, nationwide survey of internet gamers in the United States. He is a frequent expert witness on gaming-related issues and has testified before numerous legislative and licensing bodies on both state and national levels.Mr. Rittvo previously served as a Director ofGametech Corporation .
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