Gary Peart, the executive chairman at regional gaming giant, Supreme Ventures Limited (SVL), will remain in the top seat for at least another year.

This as the company’s board of directors has advised of the renewal of his contract as executive chairman for a term of one year, effective April 1, 2022.

The board also advised that Peart’s compensation is in the form of SVL shares in lieu of cash.

A statement on the matter, released by the company yesterday (April 27), did not indicate the amount of shares that would be paid to the executive chairman in lieu of cash. In addition to his position at SVL, Peart is chief executive officer of Mayberry Investments Limited, which is one of the leading shareholders in SVL.

He was elected to the Board of SVL in October 2017 and was made chairman in June 2019.

Since March 2020 he has assumed the role of executive chairman.