GVC Holdings PLC (LSE:GVC), a leading B2C and B2B e-gaming operator, announces that Richard Cooper, Chief Financial Officer, is to step down from the Board, effective from February 2017, to pursue private business interests.
To ensure an efficient transfer, Paul Miles, currently Chief Financial Officer of consumer credit group Wonga, has agreed to join the Group in February 2017 and is to be appointed as Richard's successor.
Paul, a Chartered Accountant, has held a number of senior finance roles in regulated industries, encompassing international and online operations. Previous roles include Group Financial Controller at insurance group RSA Group plc and Acting Group Finance Director of Phoenix Group plc, the FTSE250 life assurance operator. Paul joined Wonga as CFO in 2014 as a key member of an executive team brought in to restructure the business.
Following his integral role in the acquisition of bwin.party digital entertainment plc, GVC had been aware for some time of Richard's wish to step down from the Board in due course, whilst ensuring an orderly handover to his successor.
Lee Feldman, Non-executive Chairman, said:
"I'm delighted that Paul will be joining us and feel his skills and experience are an ideal match for a business of our international scale and ambition. Richard has been a key part of the GVC story over the past eight years and I personally would like to thank him for his significant contribution and wish him all the very best for the future."
There are no other disclosures to be made for Paul Miles under Listing Rule 9.6.13.
The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
For further information:
|GVC Holdings PLC|
|Kenneth Alexander, Chief Executive||Tel: +44 (0) 1624 652 559|
|Richard Cooper, Group Finance Director|
|Nick Batram, Head of Investor Relations & Corporate Strategy||Tel: +44 (0) 20 7337 0110|
|Cenkos Securities plc||Tel: +44 (0) 20 7397 8900|
|Mark Connelly, Stephen Keys, Camilla Hume|
|Investec Bank plc|
|Garry Levin, Chris Treneman, Carlton Nelson||Tel: +44 (0) 20 7597 4000|
|David Rydell, James Newman, Anna Legge, Laura Jaques||Tel: +44 (0) 20 3772 2500|
About GVC Holdings PLC
GVC Holdings PLC is a leading e-gaming operator in both B2C and B2B markets. GVC has four main product verticals with a number of brands; Sports labels (bwin, Sportingbet, gamebookers), Gaming labels (partypoker, partycasino, Foxy Bingo, Gioco Digitale, CasinoClub), Studios (B2B) and non-core assets. GVC acquired bwin.party digital entertainment plc on 1 February 2016. The Group is headquartered in the Isle of Man and has licences in more than 15 countries.
Further information on the Group is available at www.gvc-plc.com