(AsiaGameHub) –   Esports and cryptocurrency betting firm Rivalry has unveiled leadership adjustments as it seeks a purchaser. The company’s most recent statement confirms the departure of its C-suite executives and board members, with CEO and founder Steven Salz now steering the remaining operations until a prospective buyer is found.

Rivalry Announced the Departure of Its Leadership Team

In an official release, Rivalry stated that the following individuals have left its board of directors, effective Friday, April 24:

• Stephen Rigby
• Steven Isenberg
• Ryan White
• Kevin Wimer

Concurrently, Rivalry verified several executive departures. The announcement states that Ryan White has stepped down from his position as the company’s chief technology officer.

Kevin Wimer has also resigned from his role as chief operating officer, the company added.

Furthermore, Rivalry indicated that Demi Abidogun-Benson has resigned from her post as interim chief financial officer.

Rivalry stated these changes correspond with its “ongoing operational transition” and committed to offering additional updates later.

Rivalry Is Looking for a Buyer

As noted, the exit of Rivalry’s board and a majority of its top executives forms part of the company’s continuing shift. This update is consistent with its earlier revealed strategy to reduce operational scale while pursuing a sale.

Currently, Rivalry has provided limited details regarding its specific acquisition plans. The company has previously cautioned that, due to its downsized operations and the ongoing strategic review, it cannot guarantee it will successfully conclude a strategic alternative or maintain its business activities.