Colossus Bets has named current CTO Paula Cara Farcas as its new CEO, just as the company prepares to launch its core pools product in the US market.
Farcas will succeed David O’Reilly as CEO, with the veteran C-level executive and Eva Karagianni-Goel departing the company.
Alberto Zuin, the current CIO and CISO, will be named CTO, and Laurence Jones, the current Head of Product and one of the group’s original employees, will be promoted to CPO.
The changes will take effect in September 2022, and Colossus Bets says the new leadership team reflects the company’s “expansion as a provider of pools, tote, and cash out technology.”
“I am delighted to take on the mantle of leading Colossus into the next stage,” Farcas said. I consider myself extremely fortunate to have an excellent team in Alberto, Laurence, and other long-term employees who share an intimate knowledge of our past as well as an unwavering commitment to our future.”
“Paula is a well-respected leader who, as CTO, built and controlled our entire technology stack,” Colossus Bets Founder Bernard Marantelli said. She combines a thorough understanding of our world-class technology with strong business acumen, making her the obvious choice to lead Colossus into the future.
“When I look at the entire new C-level team, I realize how fortunate we were to have mentored such strong talent internally, allowing us to confidently pass the baton to this next generation of leaders at such an exciting time for the company.” On any level, we could not have done better by looking outside.
“I’d like to thank Eva and David for their numerous contributions over the years and for guiding the company to where it is today, serving tens of thousands of partners and users worldwide.” We have laid a solid foundation to scale and capitalize on the value of our significant intellectual property and technology assets, including now in the US market.”