Enthusiast Gaming Announces Board Changes and Provides Leadership Update

Adrian Montgomery to become Chair of the Board CEO search commences David Goldhill and Janny Lee to join as Directors LOS ANGELES, July 07, 2022 (GLOBE NEWSWIRE) -- Enthusiast Gaming Holdings Inc. (NASDAQ:EGLX , TSX:EGLX ), ("Enthusiast " or the "Company "), an integrated media and entertainment company for gamers, today announced that David Goldhill and Janny Lee, two nominees of Greywood Investments, LLC ("Greywood "), will join the Company's board of directors (the "Board ") and stand for election at the Company's annual general meeting (the "Meeting ") on July 19, 2022 at 10:00 a.m. (Toronto time). In addition, the Company announces that Adrian Montgomery, the current CEO of Enthusiast, will become Chair of the Board following the Meeting. The renewed leadership ensures the Company is optimally positioned to build on its multi-year winning streak and continue the shift to a gamer-focused media technology and entertainment company. Furthermore, Greywood has withdrawn its alternative slate of directors and has agreed to fully endorse and vote for the nominees put forward at the Meeting. "Today's agreement aligns all shareholders, management, employees, and the Board behind one common goal: to build the world's largest media and entertainment company for gamers that is centred on communities, content, creators, and experiences. We have come a long way over the past three years and none of our success would have been possible without the commitment, dedication and support of all of our employees. Truly they are what makes Enthusiast great. As Chair, I am excited for the future and to build on our strong foundation," said Adrian Montgomery, CEO of Enthusiast . "Together, we will advance our ambitious plan to accelerate growth and continue margin expansion to achieve profitability. I am confident that Enthusiast's best days are ahead of us, and our team is well positioned to continue delivering results and value for the benefit of all shareholders. In fact, we're just getting started". "We are happy for Enthusiast to be able to move forward. This agreement allows for the new board to serve as a catalyst for change and collectively support the great talent within the Company. Our goal has always been to support the Company, its management, and employees to focus on what matters the most – creating an environment for employees to help Enthusiast achieve its full potential," stated Greywood. In order to accommodate the addition of Mr. Goldhill and Ms. Lee, one nominee from Enthusiast's existing management slate ... Full story available on Benzinga.com