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Australian wagering market technology supplier BetMakers has announced a reshuffle in its board, appointing Matt Davey as its President and Executive Chairman and shifting former CEO Todd Buckingham to a non-board role.

Buckingham is set to “refocus” as the Chief Growth Officer of the company, while Jack Henson, the company’s former Chief Operating Officer, will assume the role of CEO.

The changes, according to a Tuesday morning release, are effective immediately.

The group notes that the changes in management are “designed to allow the Company to maximize and increase profits on its mature and developed businesses by addressing operational efficiencies and creating more scalable processes”.

It also hopes the changes will allow teams to “focus on capitalizing on the international opportunities that are emerging”.

Under the new board shuffle, the new President will “provide strategic direction, oversight and prioritization”, former CEO Buckingham will “focus on developing and executing international opportunities”, and new CEO Henson will “focus on driving the operational excellence of the business and optimizing profitability”.