Liashko Steps Down as Chief Executive Officer of Parimatch

Listen to this news articleLISTEN TO THIS ARTICLE:

Parimatch has announced the resignation of Maksym Liashko as its Chief Executive and Managing Partner of its management company Energame.

According to Energame, its board received the resignation of Liashko during its shareholder meeting earlier this week.

Liashko first joined Parimatch as a partner seven years ago. He served in the position from March 2016 to April 2021 before becoming the group’s co-CEO in April 2021. In April 2022, he became the sole CEO of the company.

Liashko also became the Managing Partner of Energame when the company was formed at the beginning of the year. Before joining Parimatch, Liashko served in the legal field. He has worked as a legal advisor, a lawyer and Head of the Legal Department at KP Media.

With his departure from the company, relevant corporate boards will take over the management of Energame and Parimatch while they shop for a new CEO to head the group.

Related: Parimatch and Blaze Sign Deals with Brazilian Football Clubs

Parimatch Suspension from Ukraine

Liashko’s abrupt exit adds to the hurdles the company has faced this year, with the most critical being its suspension in Ukraine.

Parimatch was one of the 287 companies that were banned from operating in Ukraine for 50 years when Zelenskyy signed Presidential Decree No. 145/2023 into law. Following the sanctions, Parimatch had to suspend all its B2C operations in the country. The decree also led to the imposition of sanctions on 120 individuals.

At the time, Zelenskyy claimed that the affected companies and individuals worked against Ukraine through gambling schemes, withdrew funds from the state and financed various Russian schemes.

Parimatch had maintained innocence over the issue and initiated a 'Lift sanctions against Parimatch' petition in June with the aim of revoking the 50-year ban imposed on the company.

Although the petition amassed thousands of signatures as well as a response from Zelenskyy, Parimatch still remains suspended in Ukraine.