- Push-out Score determined
- After nine years in the position
- Praise and thanks for Carlin
- Richard Schwartz taking over
- Carlin will remain as Vice Chairman at Rush Street
- Carlin said 120 words
(exechange) — Chicago, Illinois, August 12, 2021 — Greg Carlin, chief executive of Rush Street, leaves his position. As announced by Rush Street Interactive Inc. in a news release and in a regulatory filing published on Thursday, August 12, 2021, Greg Carlin leaves his post as chief executive officer at the online casino and sports betting company after nine years in the role, effective immediately.
Greg Carlin’s duties as CEO will be taken over by Richard Schwartz, most recently President at Rush Street Interactive Inc.
“Now is the right time for me”
Greg Carlin’s departure from the CEO post is explained as follows. Carlin said: “I believe now is the right time for me to transition to Vice Chairman and am excited to continue working with Richard and our highly experienced management team and Board to strengthen RSI’s industry leadership position.”
Carlin will remain as Vice Chairman at Rush Street
“Richard Schwartz, Co-Founder and President, has been promoted to Chief Executive Officer and Greg Carlin has been named Vice Chairman, effective immediately,” Rush Street said.
“Replaced”
Rush Street said: “Mr. Schwartz has replaced Greg Carlin, who will remain on the Board and has been appointed Vice Chairman.”
Share price decline since January 2021
The announcement follows a decline in Rush Street Interactive Inc.’s share price of 35% since January 2021.
In the position of CEO since 2012
Greg Carlin became CEO of the Company in 2012.
Greg Carlin has been the Company’s Chief Executive Officer and has been the Chief Executive Officer of the Company and RSG since 2012 and January 2005, respectively.
Carlin has also served as a Managing Director of LAMB Capital Advisors, LLC, a private investment firm, since June 1995.
Prior to these roles, Carlin worked as an investment banker at both Lazard Freres, from June 1990 to August 1992, and Bankers Trust, from October 1992 to May 1995.
Carlin served on the board of directors of Falls Management Company from May 1999 to July 2019 and has served on the board of directors of the American Gaming Association since 2016.
Carlin earned a B.S. in Economics from the University of Pennsylvania.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding Greg Carlin’s move on a scale of 0 to 10.
exechange reached out to Rush Street and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 33.2021 ($).