William Hill To Confirm Bowcock In C.e.o. Post?

Fruitless nine-month search for a replacement for previous leader James Henderson

According to reports in the Financial Times Wednesday William Hill plc is about to confirm acting CEO Philip Bowcock as permanent chief executive, following a fruitless nine-month search during which the UK bookmaker has reportedly been rebuffed by several external candidates.
Among those approached to take the helm were GVC's Kenny Alexander, Mark Brooker, the former chief operating officer at Betfair, and Andy McCue, former chief executive of Paddy Power, the Times reports.
Bowcock is CFO and acting CEO of the group at present following the departure of previous CEO James Henderson after an hiatus in the growth of the company's online operations.
The FT says that the announcement of Bowcock's permanent appointment to the hot seat could come as early as this week, when the group is due to publish its latest full-year results.
Bowcock only joined William Hill in late 2015 from CineWorld, and some investors have expressed doubts regarding his online gambling business experience. He has also worked for Luminar Group Holdings PLC, Tesco PLC, and Hilton Group plc in financial management positions.
"The search has exposed a lack of succession planning by William Hill's board," the FT comments.
"Potential candidates have expressed concern over their ability to work with the existing leadership, as well as disruption from upcoming regulatory changes and the challenge of transforming a company reliant on betting shops into a significant online presence. The UK government is considering curbs on instore betting machines, which account for about 25 percent of William Hill profit."
https://www.ft.com/content/1ba5fa40-f850-11e6-9516-2d969e0d3b65

Online Casino News Courtesy of Infopowa

About the Author... Total Posts Written: 9,449
Casinomeister

Casinomeister

The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.
bryan@casinomeister.com

See More Posts