Industry News

Codere Appoints Luis Villalba as CFO

Published

2 years ago

July 18, 2023

Niji Narayan

Reading Time: < 1 minute

Grupo Codere has appointed Luis Villalba as its new Chief Financial Officer (CFO).

The appointment sees Villalba replace the incumbent CFO, Óscar Fernández de Llano, who resigned from Codere’s leadership team during H1 proceedings.

A 25-year executive in financial management, Villalba joins Codere from food and olive oil exporter Deoleo Group, where he served as the Financial Director and an executive committee member of the Spanish multinational.

Further experience has seen Villalba lead Plc auditing and business recovery units as an executive of “Big-Four” accountancy firm PricewaterhouseCoopers (PWC).

“In his new role as CFO of Grupo Codere, Luis Villalba will take on the challenge of leading the company’s financial strategy after the refinancing,” read Codere’s announcement.

H1 trading saw Codere governance overhaul the firm’s C-level executive team, welcoming the appointment of Gonzaga Higuero as the new Group CEO.

The Spanish heritage gambling group continues its corporate transformation programme, with bondholders granting a further €100m liquidity extension for 2022.

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.