Phil Richards Steps Down As GiG Software CFO

Phil Richards Departs As Chief Financial Officer Of B2B Technology Provider GiG Software

by Dimitri Dimitrov Published on November 2, 2026

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Professional portrait of Phil Richards wearing a light blue button-down shirt representing his tenure as Chief Financial Officer

Key Takeaways

⏱ 2 min read

Executive departure — Phil Richards has stepped down from his position as Chief Financial Officer of GiG Software Plc, effective November 2.

Transition arrangements — The Board has established interim measures to maintain full continuity across financial reporting and regulatory obligations, with Richards providing transitional support

Succession search underway — Recruitment for a permanent successor has officially commenced, and the company will issue further updates in due course

Leadership acknowledgment — CEO Richard Carter and the Board thanked Richards for his vital contributions to investor relations, corporate development, and financial management over the past two and a half years

GiG Software Plc (First North: GiG SDB; OTCQX: GIGXF), a prominent B2B iGaming technology provider, has announced that Phil Richards is stepping down from his role as Chief Financial Officer, effective November 2.

During his two and a half years with the organization, Richards played an instrumental role in guiding the company’s financial reporting, strengthening investor relations, and directing key corporate development initiatives.

To maintain absolute operational continuity, the GiG Board of Directors has established robust transition arrangements. These measures are designed to safeguard all internal financial reporting standards and satisfy ongoing regulatory obligations across the group. Furthermore, Richards has agreed to remain available to provide transitional support as required. The Board has already initiated a formal executive search to identify and appoint a permanent successor, with subsequent updates to be announced in due course.

Executive reflections and leadership perspectives

Reflecting on the departure, Richard Carter, Chief Executive Officer of GiG, expressed gratitude for Richards’ tenure:

“On behalf of management and the Board, I would like to thank Phil for his contribution to GiG. He has played an important role in the Company’s financial reporting, investor relations and corporate development activity, and we wish him well for the future.”

Adding his own remarks regarding his time with the enterprise, outgoing CFO Phil Richards stated:

“It has been a privilege to serve as CFO of GiG. I would like to thank Richard, the Board and my colleagues for this opportunity, and I am very confident the business is well placed for its next phase.”

As GiG Software continues to scale its operations across international regulated markets, the executive leadership team remains focused on maintaining disciplined financial oversight while executing its broader strategic roadmap. The seamless transition plan ensures that the company’s ongoing commercial and technological milestones will proceed without interruption.