NEW LEADER FOR CRYPTOLOGIC
6 April 2007
New CEO and President will maintain focus on
Europe and Asia
Months of industry speculation have ended with the
announcement today (Monday) by Cryptologic that Javaid
Aziz is to become its new CEO and President. Aziz will
be based in Dublin following the turnkey provider's head
office move to Ireland.
The departure of Aziz's well respected predecessor Lewis
Rose has been on the cards since September last year,
when the move to Dublin was announced and Rose intimated
that he would step down as Crypto's highly successful
CEO and President.
Javaid Aziz brings 30 years of technology management to
the Cryptologic table, having served as chief executive
of IBM UK. Following this high powered position he went
on to found Aspective Ltd., a leading wireless
application service provider and consulting firm.
CryptoLogic plans to hold a special meeting of
shareholders in May to approve the reconstitution of the
company into a United Kingdom company resident in
Ireland, whose shares will be listed on the Toronto
Stock Exchange, NASDAQ Global Select Market and the
London Stock Exchange.
Lewis Rose, the company's CEO since July 2002, has
assisted in the transition and is an advocate of the
move to Ireland as the next logical step in
CryptoLogic's evolution. At the time of the September
2006 announcement, Rose announced his intention to step
down as CEO because of family commitments, effective
upon the hiring of the new CEO.
"As the pioneer and leader of the global e-gaming
software industry, CryptoLogic is one of the world's
great technology success stories," Aziz said. "No matter
where you go, CryptoLogic's brand is synonymous with
integrity, innovation and financial performance. I'm
excited to lead the CryptoLogic team as we set a course
for continued growth and expansion in the U.K., Europe
and Asia."
Aziz brings impressive experience in leading an advanced
technology business. Between 1975 and 1995, he held
positions of increasing responsibility at IBM, ascending
to the rank of chief executive for the United Kingdom.
Following four years as senior vice president of Silicon
Graphics, Aziz founded Aspective in 1999 and sold it in
2006 to Vodafone Group Plc, the global mobile phone and
technology company.
"In Javaid Aziz, CryptoLogic has chosen an experienced
leader in both the management of an innovative
technology company - and a global business based in
Europe," said Robert Stikeman, CryptoLogic's Chairman.
"Lewis Rose has laid an excellent foundation - and we're
confident Javaid will build on this success."
Aziz succeeds Rose, under whose leadership CryptoLogic
consistently achieved new records in revenue and
earnings. Rose led the company's entry into the Internet
poker industry and built one of the top
revenue-generating poker networks in the world, as well
as creating one of the most innovative casino offerings
in the industry.
Recognising the regulatory uncertainty in the U.S.
e-gaming market, Rose successfully shifted CryptoLogic's
business to Europe. He built new and enduring
partnerships with many of the world's blue-chip gaming
and entertainment brands, including William Hill, and
more recently, Playboy and Holland Casino. Rose also
established CryptoLogic's first presence in Asia, grew
revenue from $34 million in 2002 to more than $100
million in 2006, and grew the company's market
capitalisation from CDN$92 million in 1992 to CDN$400
million today.
"Working with the outstanding people at CryptoLogic has
been one of the major highlights of my career," Rose
said. "Together, we've taken a young, entrepreneurial
company and transformed it into a business that's built
to last, built to grow and built to win. With an
outstanding new CEO, supported by the management team
that I've been privileged to lead, CryptoLogic is set
for success in the hottest e-gaming markets of today and
tomorrow."
Online Casino News courtesy of InfoPowa
More news here.
Top of page |
Home |
News |
Forum |
Webcast |
Vortran |
Accredited Casinos |
Evil Ones |
Pitch a Bitch |
Online Gambling Resources |
Poker
|
