Technology firm Sportradar has unveiled a new department lineup as it tries to further streamline its operations.
The new organizational structure was unveiled in an announcement on the company website on Wednesday (January 24) and will see six different business functions coming into existence effective immediately. These will be:
- Product Delivery and Operations – led by Warren Murphy, previously Chief Product Officer and now Chief Delivery and Operations Officer;
- Growth and Innovation – headed up by Nick Maywald, previously Chief Content Officer and now Chief Growth and Innovation Officer;
- Commercial – led by Eduard Blonk, Chief Commercial Officer
- Legal, Risk and Administrative Services – led by Lynn McCreary, Chief Administrative Officer, Chief Legal Officer and Corporate Secretary;
- People – led by Severine Riviere-Gerstner, Chief People Officer;
- Finance – led by Gerard Griffin, Chief Financial Officer (until his departure).
Chief Strategy Officer Ulrich Harmuth will leave the company as a result of these changes, and Gerard Griffin is also departing. He is due to end his job as CFO for personal reasons in May or earlier if a suitable replacement can be found.
“I am excited to announce this new global organization and leadership structure, which aligns our teams on our strategic priorities, promotes agile execution and better positions Sportradar for future growth,” said Carsten Koerl, CEO of Sportradar. “By centralizing our key business functions, we will foster greater collaboration and faster decision making, enabling us to drive further operating efficiencies and increased innovation across our business.”
“These decisive steps will enable us to better serve our clients and partners as well as capture the significant market opportunities ahead of us. I am confident we have the right leaders in place, intently focused on executing on our strategic priorities. For 2023, we remain on track to deliver on our strong growth targets and are well positioned to maintain that momentum into 2024” he continued.
Aside from shaking up the departmental tree, the company has also reaffirmed its fiscal 2023 guidance of revenue, putting it in the range of EU870 million ($947.5 million) to EU880 million ($958.3 million), representing year-over-year growth between 19 percent and 21 percent.
Adjusted EBITDA sits in the range of EU162 million ($176.4 million) to EU167 million ($181.8 million), representing year over-year growth between 29 percent and 33 percent, and an adjusted EBITDA margin in the range of 18.4 percent and 19.2 percent.
The company also reaffirmed its fiscal 2024 outlook for revenue and adjusted EBITDA growth of at least 20 percent.
