Issuing a market update, London-listed online gambling group Jackpotjoy Plc has informed that Andy McIver is to step down as Chief Executive (CEO) of the company.
McIver’s leadership departure will see Jackpotjoy appoint former Gala Coral MD Simon Wykes to the position of Group Managing Director. Moving forward, the senior management of all core group gaming assets; Jackpotjoy, Mandalay and Vera&John will report directly to Wykes.
“I am thrilled by this new challenge at Jackpotjoy plc and look forward to bringing my experience from leading digital gaming businesses to the Company as well as significant operational experience to market-leading brands” Wykes commented on taking over Jackpotjoy MD duties.
Further to its leadership change, Jackpotjoy restructures its governance, announcing that current chair Neil Goulden will become Executive Chairman of the company, charged with development and execution of the group’s long-term strategy.
McIver departs Jackpotjoy leadership following a short and busy nine-month tenure, in which he led the firm’s listing migration from the Toronto TSX onto London’s primary LSE exchange.
Furthermore, McIver led an overhaul of Jackpotjoy’s senior management, executing a number of new appointments for the group’s operations. Jackpotjoy detailed that McIver would remain with the firm until January 2018 overseeing the firm’s leadership transition.
Jackpotjoy governance thanked McIver for his leadership duties during a critical period for the online gambling group, Neil Goulden commented; “On behalf of the Board, I would also like to thank Andy for the commitment, leadership and integrity he showed during his tenure, which has seen Jackpotjoy plc cement itself as the world’s largest online bingo-led company following its successful listing on the London Stock Exchange. We wish him well with his future endeavours.”
Neil Goulden backed Wykes as new MD of Jackpotjoy operations: “Simon is a highly-experienced executive with an extensive knowledge of the bingo sector and considerable expertise in managing high-volume consumer businesses. His experience in the digitalisation of gaming businesses will be invaluable in achieving synergies across our main business segments and to drive the future growth of the group.