Rush Street Interactive (RSI), the betting and igaming arm of the land-based operator, has appointed Kyle Sauers as its new chief financial officer, with effect from October 23.
Based in Chicago, Michigan and reporting to RSI’s chief executive Greg Carlin, Sauers will be responsible for all financial and treasury functions, as well as investor relations.
Sauers joins RSI from logistics and supply chain management services provider Echo Global Logistics, where he served as CFO for more than seven years.
Prior to this, Sauers was general manager of the security and inspection products division at Varian Medical Systems, and also had a spell as CFO at both Bio-Imaging Research and Sphere Communications.
“RSI’s leadership in online casino and innovation in sports betting present a unique opportunity,” Sauers said. “I look forward to working closely with the RSI team to drive growth, efficiency and value for all stakeholders.”
CEO Carlin added: “Kyle’s proven track record as a public company CFO and extensive experience growing technology businesses make him a great addition to RSI’s management team as we continue to rapidly scale our business.”
Sauers will serve as RSI’s first CFO, after the business in July agreed a reverse merger with special purpose acquisition company dMY Technology Group, which will see the business spun off from the main Rush Street business and list on the New York Stock Exchange (NYSE).
The merger, which is expected to close later this year, will see RSI trade on the NYSE with an initial enterprise value of around $1.78bn, using the ticker symbol ‘RSI’.