Codere Online, who will trade on Nasdaq under the symbols CDRO and CDROW, has announced the nomination of six of the seven members that will form its Board of Directors.
Pursuant to the Nomination Agreement that will be entered into between Codere Online, its Parent and the Sponsor prior to the consummation of the business combination, the Board of Directors of Codere Online is expected to consist of the following individuals; Four Directors nominated by the Parent, including Moshe Edree, Managing Director of Codere Online, Oscar Iglesias CFO of Codere Online, Alejandro Rodino, Chief of Strategy & Corporate Areas Officer of Parent and Laurent Teitgen (Independent Director).
There will also be two Independent Directors nominated by the Sponsor, including Dr. Martin M. Werner (Chairman and CEO of DD3). Mr. Werner is also expected to serve as Chairman of Codere Online’s Audit Committee and Daniel Valdez (Managing Partner and Portfolio Manager for MG Capital).
The seventh Director and Chairman of the Board of Directors, which pursuant to the aforementioned Nomination Agreement should be an independent director, will be an industry expert and is expected to be proposed for appointment jointly by the Parent and the Sponsor prior to the consummation of the business combination.