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BOWCOCK CONFIRMED AS C.E.O. AT WILLIAM HILL PLC
10th March, 2017 at 10:19:28
Executive has been acting CEO since July 2016.
The board of William Hill
plc finally announced Friday that interim CEO Philip Bowcock is confirmed in post as the permanent chief executive of the group.
Originally the group chief finance officer, Bowcock was elevated to interim CEO when James Henderson quit in July last year (see previous report).
William Hill chairman, Gareth Davis said in a statement Friday:
"Since his appointment as Interim CEO last July, Philip has driven the business forward at real pace and we have seen important progress across our Online, Retail and international businesses over that time.
"Our recent results show that William Hill is now in a stronger position and Philip has outlined a clear plan to continue that momentum into the future."
The chairman's comments are supported by the results, which shows that in FY-2016 the group did better than expected, especially in the ailing online division, with group pre-tax profit improving marginally to £ 225.6 million (FY-2015: £224.3 million)
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