Supplier News
UK – William Hill CEO steps down
By Phil - 22 July 2016
British bookmaker William Hill has confirmed that James Henderson is stepping down as Chief Executive Officer with immediate effect.
The move follows warnings of profits of just £260m for the year to December 31 down from initial estimations of £307m. During the first two and a half months of the year, William Hill generated £15m below expectations in online revenue. It has also experienced its worst ever Cheltenham festival this year.
Philip Bowcock, Chief Financial Officer, has been appointed Interim CEO. The search for a permanent replacement has been instigated.
Chairman Gareth Davis commented: “James’s career with William Hill has spanned over 30 years covering the Retail, Online and international businesses. We would like to thank him for his significant contribution and we wish him all the best for the future. Philip has a clear set of priorities as Interim CEO, principally the continued turnaround of the Online business. We will confirm a successor in the coming months.”
The group said its trading remained ‘in line with the previous guidance of £260-280m of operating profit in 2016.’
It will publish its half-year results for the 26 weeks to 28 June 2016 on Friday, 5 August. An interim CFO will be announced in due course.
