Betfred Ceo Steps Down
By Brian Cullingworth, Last updated Sep 30, 2016
After 30 years with the company John Haddock calls it a day
John Haddock, chief executive of Betfred for the past two years and a 30-year veteran with the company, has stepped down, according to local media reports which indicate that chairman and founder Fred Done has temporarily taken over his responsibilities until a replacement can be found.
No reasons for the sudden resignation have been given, but the separation appears to be amicable; Done commented in a press interview:
"I would like to thank John for his 30 years of loyal unblemished service and I wish him well for the future."
However, media has been quick to note that the company has been underperforming recently, with the latest financials showing a 16 percent y-o-y drop in EBITDA to GBP56.5 million, and an operating loss of GBP76.7 million (acknowledging GBP 83.7 million in exceptional items).
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Infopowa news was a staple of Casinomeister’s news from 2000 until 2019. Brian Cullingworth was the main writer, contributor, and was one of the most knowledgeable persons I have ever known involved in the online casino industry.
We first met in January 2001 at the ICE in London where I observed him going booth to booth interviewing online casino, software, and licensing jurisdiction representatives. Brian was also heavily involved with our forum as “Jetset“, he was involved as an informal consultant to eCOGRA, the OPA, and was a player advocate who assisted countless aggrieved players with his connections to industry folks. He also published “Casino Cautions” via Infopowa news for quite a number of years. These can be found in our news archives.
His passing in February 2019 was a dark day for us. He will be forever missed.
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