Sportradar, the sports technology company, has announced the departures of its chief strategy officer and chief financial officer.
Chief strategy officer Ulrich Harmuth is set to leave the organization as part of wider efforts “to streamline organizational structure and drive growth and innovation”, according to a Sportradar press release. Harmuth joined the company in 2013 from EQT Partners as managing director of digital, before becoming chief strategy officer in 2021.
In a separate move, Gerard Griffin, the company’s chief financial officer, has told Sportradar he would be leaving the company for personal reasons.
Griffin will continue in the role until May 31, 2024, unless a permanent successor is appointed at an earlier date.
Switzerland-based Sportradar said it has initiated a search for its next chief financial officer, with the expectation that it will announce the appointment before Griffin leaves.
He joined the company in May 2023, having previously worked as the chief financial officer of Zynga.
Carsten Koerl, chief executive of Sportradar, said: “I am excited to announce this new global organization and leadership structure, which aligns our teams on our strategic priorities, promotes agile execution, and better positions Sportradar for future growth.
“By centralizing our key business functions, we will foster greater collaboration and faster decision-making, enabling us to drive further operating efficiencies and increased innovation across our business.
“These decisive steps will enable us to better serve our clients and partners as well as capture the significant market opportunities ahead of us. I am confident we have the right leaders in place, intently focused on executing our strategic priorities.
“I want to thank Gerard for his contributions to Sportradar. He has meaningfully strengthened our finance team with a deep and talented bench that will continue to contribute to the company as we look to drive growth and profitability into the future. We look forward to continuing to benefit from his leadership while we search for a permanent successor.
“I also want to thank Ulrich for his contributions to our company, clients, and partners that have positioned Sportradar for continued success. For over a decade, he held various leadership roles, contributing to our growth. We wish him the best in his future endeavors.”
Last week Sportradar launched a product that aims to give rightsholders and brands personalized fan engagement in a “post-third-party cookie world.”
The new Sportradar FanID tool has been described as a “unique, end-to-end first-party marketing solution combining the first data clean room for the sports industry with the company’s proprietary marketing activation technology.”
Sportradar is seeking to strategically position itself in the market ahead of the anticipated removal of third-party cookies in 2024 and is seeking to help marketers find alternative methods for collecting and leveraging data to connect with consumers.
