Bwin.party co-CEO set to retire in January

Jim Ryan, the co-Chief Executive Officer of bwin.party, has announced his plans to retire from the role and return to Canada with his family.

Jim Ryan, the co-Chief Executive Officer of bwin.party, has announced his plans to retire from the role and return to Canada with his family.

He will retire on January 15th, and on the same date his fellow co-CEO, Norbert Teufelberger, will assume the new role of Group CEO.

Simon Duffy, Non-Executive Chairman said: "Having lived and worked in Gibraltar for the past six years, initially as CEO of St Minver, Jim joined PartyGaming as CEO in June 2008. Following the merger with bwin Interactive Entertainment AG in March 2011, he became co-CEO of the enlarged group.

"Together, he and Norbert have been instrumental in overseeing the integration of both companies as well as the launch into a number of newly regulated European markets and driving the group's strategy to re-enter the US should appropriate legislation be enacted. As the merger integration approaches its final stages, and having secured a series of strategic partnerships including MGM, Boyd Gaming, United Auburn and Zynga, Jim now wants to return to Canada with his family.

"The transition to regulated markets is continuing and we are entering a period of intense product and technology innovation that will now be led by Norbert Teufelberger, whose experience, as one of the pioneers in online gaming, is probably unrivalled."

He added that: "Together with Norbert, Jim has been a driving force behind the merger. His expertise and passion for the group's gaming products have been instrumental in ensuring that the merger integration has proceeded as planned, putting the group in an excellent position to remain at the forefront of the global online gaming market."

NR

Recommended

Share tips of the week - 12 August
Share tips

Share tips of the week - 12 August

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
12 Aug 2022
Britain’s ten most-hated shares – w/e 9 August
Stocks and shares

Britain’s ten most-hated shares – w/e 9 August

Rupert Hargreaves looks at Britain's ten most-hated shares, and what short-sellers are looking at now.
10 Aug 2022
Aviva: One for income investors to tuck away
Share tips

Aviva: One for income investors to tuck away

Insurance giant Aviva is one of the highest yielding stocks in the FTSE 100 – and it’s cheap, too, making it a tempting target for income investors. R…
10 Aug 2022
Director dealings w/e 5 August: what company insiders are buying and selling
Stocks and shares

Director dealings w/e 5 August: what company insiders are buying and selling

Directors’ share dealings can often give investors an insight into the sentiment of company insiders. Here are some of the biggest deals by company di…
9 Aug 2022

Most Popular

UK House Prices Set To Fall? It’s Not So Simple
House prices

UK House Prices Set To Fall? It’s Not So Simple

Figures suggest UK house prices are starting to slide, but we shouldn’t take these numbers at face value, explains Rupert Hargreaves.
11 Aug 2022
Are UK house prices finally heading for a crash?
House prices

Are UK house prices finally heading for a crash?

The latest house price figures show a fall of 0.1% in July. With interest rates rising, inflation hitting double figures and a recession on the cards,…
5 Aug 2022
Three solar stocks to invest in
Renewables

Three solar stocks to invest in

This week, professional investor Nicholas Mersch of the HANetfS&P Global Clean Energy Select HANzero UCITS ETF tells us three solar stocks to invest i…
12 Aug 2022