Sat, Mar 11, 8:23am by Staff Writer
William Hill have confirmed what the entire global gambling industry suspected, that acting CEO Philip Bowcock is the company’s new permanent chief executive.
The global gambling powerhouse confirmed on Friday that Bowcock has assumed the job on a permanent basis, nine months after assuming the interim CEO role following James Henderson’s sudden departure last year.
Henderson’s departure followed a troubled period for William Hill, and the 2016 financial results revealed that there had been a 20 per cent decline in online operating profit.
Hills were also the centre of merger discussions with Pokerstars owner Amaya, while a number of other companies were linked with mergers.
Chairman Gareth Davis praised Bowcock for his work with the company.
“He has driven the business forward at real pace and we have seen important progress across our online, retail and international businesses over that time,” he said.
Despite some concerning aspect in the 2016 numbers, Davis said that the company was in ‘a strong position and Phillip has outlined a clear plan to continue that momentum into the future’.
“I am proud to be chosen to lead William Hill, a business that millions of customers trust and a brand that is synonymous with betting,” Bowcock said.
“During my time at the helm, I have had the opportunity to lead a passionate, talented and committed team and we have made considerable operational progress in recent months.”
“The team and I are excited by the opportunity to keep improving our position in all our key markets whilst delivering a great experience for our customers.”
Bowcock was formerly the company’s chief financial officer, and will be paid around £600k as a result of his promotion.
Hills are now looking for a new /CFO as welk as a new chairman with Davis set to step down in 2018.
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