BETFAIR SHUFFLES BOARD
10th March, 2014 at 10:13:41
Numerous changes follow retirement announcement
Group Plc made several announcements of changes to its Board today (Monday).
Peter Rigby has been appointed as a non-executive director and member of the Remuneration Committee effective April 1, 2014.
Rigby was chief executive officer of FTSE 250 Informa plc until the end of 2013. He joined Informa in 1983 and served as chief executive officer from 1988 until last year, during which time Informa grew to a business with revenues of £ 1.2 billion and a market capitalisation exceeding £ 3 billion.
Other changes include that of the retirement from the board of non-executive directors Mike McTighe and Fru Hazlit as of March 31, 2014.
Leo Quinn, who joined the board on March 5, 2014 (see previous report), has been appointed as Chairman of the Remuneration Committee and will additionally join the Nomination Committee.
Ian Dyson, who has been with the board since 2010 and chairs the audit committee, has been named senior independent director and a member of the Nomination Committee.
Peter Jackson joins the Remuneration Committee and Betfair Chairman Gerald Corbett will replace Fru Hazlit as Chair of the Corporate Responsibility Committee.
"Peter Rigby brings a wealth of experience in building and running a big public company, and I am delighted to welcome him to the Board," said Corbett. "Mike and Fru have both made immense contributions to the development of Betfair over many years. We wish them well, and thank them both for what they have done."
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