CEO Stepping DownStock up 1.5% on news
JACKPOTJOY CEO MCIVER STANDS DOWN AS MANAGING DIRECTOR BROUGHT IN
[ 16 Oct 2017 08:18 ] LONDON (Alliance News) - Jackpotjoy PLC on Monday said Chief Executive Andy McIver has stepped down from his role after successfully listing the company in London earlier this year.
The CEO will formally leave at the end of January 2018 to ensure a smooth handover.
"As a part of the company's continuing strategy to strengthen the group's operational focus, which included the recent appointments of our highly experienced divisional managing directors, the board has decided, after several months of careful consideration and in consultation and agreement with Andy, that further operational expertise is needed to ensure the company is best placed to maximise future growth prospects through its core business segments," said the company.
The current non-executive chairman, Neil Goulden, will become executive chairman and take charge of leading the business.
Meanwhile, Simon Wykes has been appointed as managing director and join the board from the start of next month. Wykes has just completed an external consultancy role with Ladbrokes Coral Group PLC on that firm's recent merger of Ladbrokes and Coral.
"The strong trading from the first half has continued into the third quarter and management are confident of meeting the upper end of market expectations for 2017. The company is due to announce third-quarter results on Tuesday November 14, 2017," said Jackpotjoy.
Jackpotjoy shares were up 0.1% early Monday at 810.00 pence.