Until this date, Bragg said Falzon will remain involved in day-to-day operations.
First appointed to the board in February 2021, Falzon is an experienced accountant and igaming executive.
When announcing her appointment, Bragg pointed to Falzon’s experience of working in stock exchange listings. Listing on the NASDAQ was one of the supplier’s self-described goals for the year, which it achieved in August 2021.
An executive appointment followed in February 2022, with the business announcing Falzon would be assuming the newly created positions of president and COO.
In these capacities, Falzon was responsible for the day-to-day oversight of the company’s operational performance, as well as having a role in directing its strategic initiatives.
News comes after Bragg Q3 2023 report
The news comes just days after a mixed Q3 financial report that saw the business reiterate its full year guidance despite a quarterly net loss.
Falzon has resigned just months after Matevž Mazij was appointed as Bragg chairman and CEO, replacing Yaniv Sherman.
The Oryx Gaming founder – and largest Bragg shareholder – had previously said he intended to initiate new growth strategies for the business globally.Mazij thanked Falzon for her work in the business.
“During her time as a board member and in senior management as president and COO, Lara has been an invaluable member of our team as her contributions to our success and growth have been substantial,” he said.
“Lara’s dedication, leadership and hard work have left a significant mark on Bragg, and we are grateful for the knowledge and experience she brought to the company.
“We wish her all the best for the next chapter in her career.”
Falzon added she was “honoured” to be part of the Bragg team.
“I am confident the company has outstanding leadership and team members to guide its continued success going forward,” she added.
Prior to joining Bragg’s board, Falzon served in a number of financial leadership roles in several Malta-based iGaming businesses.
These included as NetEnt operational CFO and as Red Tiger Gaming CFO. Falzon also worked as group financial director of Candy Crush developer King, and as head of accounting at BMW Malta.
