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Skillz Hires Blackstone Executive Jason Roswig as President and CFO
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
management
Rhea-AI Summary
Skillz (NYSE: SKLZ) has appointed Jason Roswig as President and Chief Financial Officer, effective August 8, 2022. Roswig joins from Blackstone, where he served as Managing Director, and succeeds Ian Lee. He brings over 20 years of experience in finance, including roles at GE and McKinsey. Andrew Paradise, CEO of Skillz, expressed enthusiasm for Roswig's leadership, highlighting his commitment to financial and operational excellence. The company focuses on enhancing competition in mobile gaming, leveraging patented technology to host esports tournaments.
Positive
Jason Roswig brings over 20 years of financial expertise from Blackstone, McKinsey, and GE.
His leadership is expected to enhance financial and operational excellence at Skillz.
Roswig's appointment could strengthen Skillz's competitive position in the mobile gaming sector.
Negative
The departure of Ian Lee raises potential concerns about continuity in financial leadership.
Roswig Brings 20+ Years of Financial Experience Across Blackstone, McKinsey, and GE to Leading Mobile Gaming Platform
SAN FRANCISCO--(BUSINESS WIRE)--
Skillz (NYSE: SKLZ), the leading mobile games platform bringing fair and fun competition to players worldwide, announced today that veteran finance executive Jason Roswig has been hired as the company’s President and Chief Financial Officer (CFO). Roswig will join the company on August 8, 2022 from Blackstone, where he served as Managing Director. He will replace the current Skillz CFO, Ian Lee, who is stepping down to pursue other opportunities.
Skillz Hires Jason Roswig as President and CFO (Graphic: Business Wire)
“Jason is a true leader who will be dedicated to bringing both financial and operational excellence to Skillz. I couldn’t be more excited about him joining our leadership team,” said Andrew Paradise, CEO and founder of Skillz.
As President and CFO, Roswig will report directly to Paradise and oversee the company’s finance and operations functions, including accounting, investor relations, FP&A, tax, corporate development, administration, and strategy. “I am thrilled to join a company as unique as Skillz and maximize its full potential. I am also deeply passionate about making Skillz the best place to work for top talent in the industry,” said Roswig.
Formerly Managing Director in Blackstone's Private Equity and Portfolio Operations groups, Roswig had oversight of the financial and operating performance of Blackstone's technology portfolio. Prior to that, he served as an Expert Associate Partner in McKinsey & Company'sCorporate Finance and Organization practices, providing and implementing recommendations on growth, mergers & acquisitions, and post-close value creation opportunities. Prior to McKinsey, Roswig spent 12 years at the General Electric Company in a variety of Finance and Corporate Development executive roles in the United States, Germany, and China.
About Skillz Inc.
Skillz is the leading mobile games platform with a mission to bring out the best in everyone through competition. The Skillz platform helps developers build multi-million dollar franchises by enabling social competition in their games. Leveraging its patented technology, Skillz hosts billions of casual esports tournaments for millions of mobile players worldwide, and distributes millions in prizes each month. Skillz has earned recognition as one of Fast Company’s Most Innovative Companies, CNBC’s Disruptor 50, Forbes’ Next Billion-Dollar Startups, and the number-one fastest-growing company in America on the Inc. 5000. www.skillz.com
