Detailing further insight as to why James Henderson was ousted as Chief Executive of William Hill, Gareth Davis Chairman of the company stated that digital performance had not met board expectations.
Speaking to UK business news sources, Davis detailed that William Hill’s in-house led development strategy for its mobile and digital platforms (Project Trafalgar) had met several difficulties which had impacted performance.
“Significant challenges remain and in the recent past online has not performed against expectations. The board thinks it’s the right time to bring in a new chief executive to take the company forward.”
The digital woes would cost Henderson his leadership of the company ending a 31-year career with the bookmaker, as William Hill governance last week announced that Henderson’s contract had been immediately terminated.
Despite a troubled first-half to 2016, which saw William Hill governance issue a profit warning last March. Davis would declare to stakeholders that William Hill had the capability and a valid strategy to turnaround results and push the business forward.
Davis made his media statement prior to the announcement of Rank Group and 888 Holdings had formed a consortium studying a £3 billion takeover of William Hill.
This week it is expected that William Hill governance will make its reply concerning the proposed interest by Rank and 888, with governance likely to reject any initial bid proposed.