GiG Software Plc Confirms CFO Phil Richards Departure as Board Begins Successor Search

GiG Software Plc has confirmed a change in its senior finance leadership. In an announcement dated 2 November 2026, the B2B iGaming technology company said that Phil Richards, Chief Financial Officer, will leave the Company with effect from 2 November.

For a listed supplier whose operator partners rely on steady reporting and a stable roadmap, a change in the CFO seat is always worth noting. What stands out in GiG’s announcement is less the departure itself and more how the Company has framed it, with transition arrangements already in place and a search for a successor underway.

What the GiG CFO change involves

Richards will leave with effect from 2 November. The Board has established appropriate transition arrangements to ensure continuity across the finance function, including the Company’s financial reporting and regulatory obligations. Richards will also remain available to provide transitional support as required.

The Company said the Board has initiated the search for a successor and will provide a further update in due course. No successor has been named, and the announcement does not state a reason for the departure.

How GiG Software is managing finance-function continuity

The detail operators and investors tend to focus on in an executive transition is continuity, and GiG has addressed it directly. By naming transition arrangements across financial reporting and regulatory obligations, and by confirming that the outgoing CFO remains available for transitional support, the Company is pointing to an orderly handover across its finance team.

That framing matters for a business whose credibility rests partly on disciplined reporting. The operator read is straightforward: the messaging here is built around stability.

What Richard Carter and Phil Richards said about the transition

GiG thanked Richards for his contributions over the past two and a half years. Chief Executive Officer Richard Carter commented:

Richard Carter, Chief Executive Officer of GiG
“On behalf of management and the Board, I would like to thank Phil for his contribution to GiG. He has played an important role in the Company’s financial reporting, investor relations and corporate development activity, and we wish him well for the future.”

Richards also commented on his time with the Company:

Phil Richards, Chief Financial Officer
“It has been a privilege to serve as CFO of GiG. I would like to thank Richard, the Board and my colleagues for this opportunity, and I am very confident the business is well placed for its next phase.”

What comes next in GiG’s successor search

The Board has committed to a search for a new Chief Financial Officer and said it will provide a further update in due course. At this stage no successor has been named and no timeline has been set beyond that commitment. The appointment will be the next confirmed step in the process the Company has set out.

What GiG’s CFO transition signals for iGaming operators

GiG has presented a managed transition: a defined handover, retained support from the outgoing CFO, and an active successor search. For operators assessing the stability of their B2B technology partners, the next marker will be the appointment itself, and how quickly the Board moves to name the person who will carry GiG’s finance function forward.

Source: GiG Software Plc