FSB Thursday announced that Adam Smith will be CEO of the B2B sports betting and igaming supplier after serving a three-month interim period. Smith has overseen the U.K.-based company since December 2022 during FSB’s entry into the North American market through an enhanced relationship with partner Fitzdares in Ontario, Canada.
Smith assumed the interim CEO role after FSB founder David McDowell stepped down.
Before his appointment with FSB, Smith served as a UK MD and Group Board member for a Northern European technology and consultancy business. He also has worked in telecommunications, market data, manufacturing, and IT sectors.
“Taking full-time charge of FSB is a great thrill for me,” Smith said in a statement. “What became clear during my three month period as interim CEO was the opportunity that lies ahead for our organization. The combination of our dynamic proprietary platform technology alongside our driven, determined people and Tier 1 partnership portfolio gives us every reason to look forward with confidence.“Having taken our first assured steps in North America last month we are now well positioned to move forward boldly in 2023 with our core markets and products strategy. Working closely with our committed private equity partners, Clairvest, I’m hugely energized to accelerate the growth of our award winning company.”The confirmation of Smith’s permanent full-time appointment comes as FSB executes core markets and products strategies in the U.K., Africa, Europe, and Canada.
“We are delighted that Adam has agreed to come onboard as full-time CEO effective immediately,” said Clairvest Managing Director Mohit Kansal. “Adam’s commitment and impact at FSB in a short few months with the support of the senior management team has been exemplary. We look forward to working closely with him and FSB towards a bright future.”