Playtika Promotes Senior Vice President of R&D to Chief Technology Officer

Rhea-AI Summary

Playtika Announces New CTO Appointment

On June 17, 2021, Playtika Holding Corp. (NASDAQ:PLTK) appointed Erez Rachmil as Chief Technology Officer. Rachmil, who has been with Playtika for over seven years, previously served as Senior Vice President of R&D for the Casual games division, which reported a 30% revenue increase year-over-year in Q1 2021. He will lead the company’s technology roadmap, succeeding Ira Holtzer, who transitions to EVP Strategic Technologies. With a robust background in technology and IT, Rachmil aims to strengthen Playtika’s growth and expansion in the gaming industry.

Positive

• Erez Rachmil's promotion indicates strong internal talent development.
• Casual games division reported a 30% revenue increase year-over-year in Q1 2021.
• Rachmil has over 15 years of industry experience, enhancing Playtika's leadership capabilities.

Negative

• None.

Experienced Technology Veteran Erez Rachmil Joins Playtika’s Executive Team

HERZLIYA, Israel, June 17, 2021 (GLOBE NEWSWIRE) -- Playtika Holding Corp. (NASDAQ:PLTK), a leading mobile gaming company, today announced the appointment of Erez Rachmil to Chief Technology Officer (CTO). Most recently, Rachmil served as Senior Vice President of Research and Development for Playtika’s Casual games division. Ira Holtzer previously held this position and will transition to the role of EVP Strategic Technologies, where he will focus on exploring new technology opportunities for Playtika. In his new role as CTO, Rachmil will oversee Playtika’s technology roadmap, at a time when the company is experiencing strong growth and expansion.

Rachmil, who has worked at Playtika for over seven years, has been instrumental in a number of key technology initiatives for the company. As Playtika’s Senior Vice President of R&D for the Casual games division, Rachmil helped grow Playtika’s casual games portfolio, which saw a 30% increase in revenue year-over-year for the company’s first quarter 2021 results. Rachmil joined Playtika as an IT director in 2014 to scale Playtika’s technology infrastructure and was promoted to Vice President of IT in 2016.

With over 15 years of experience in technology and IT, Rachmil’s background also includes roles at large corporations such as Intel, HP and Amdocs, as well as fast-growing startups like 888. Rachmil holds a B.A in Management from Ben Gurion University.

About Playtika
Playtika Holding Corp. is a leading mobile gaming company and monetization platform with over 31 million monthly active users across a portfolio of games titles. Founded in 2010, Playtika was among the first to offer free-to-play social games on social networks and, shortly after, on mobile platforms. Headquartered in Herzliya, Israel, and guided by a mission to entertain the world through infinite ways to play, Playtika has over 3,700 employees in 19 offices worldwide including Tel-Aviv, London, Berlin, Vienna, Helsinki, Montreal, Chicago, Las Vegas, Santa Monica, Newport Beach, Sydney, Kiev, Bucharest, Minsk, Dnepr, and Vinnytsia.

Investor Contact
Playtika
David Niederman
davidni@playtika.com

Press Contact
Outcast
Angela Allison
playtika@thisisoutcast.com

FAQ

Who is the new Chief Technology Officer of Playtika?

Erez Rachmil has been appointed as the new Chief Technology Officer of Playtika.

What are Erez Rachmil's previous roles at Playtika?

Before becoming CTO, Rachmil served as Senior Vice President of Research and Development for the Casual games division.

What revenue growth did Playtika's Casual games division achieve?

Playtika's Casual games division reported a 30% increase in revenue year-over-year for Q1 2021.

What is Playtika's stock symbol?

Playtika is traded on NASDAQ under the stock symbol PLTK.

When was Erez Rachmil appointed as CTO?

Erez Rachmil was appointed as Chief Technology Officer on June 17, 2021.