Playtech selects new Finance Director from board - again

Online gaming software company Playtech said it has accepted the resignation of David Mathewson as a director of the company and appointed Ron Hoffman, currently Vice-President of Finance, in his role as Group Finance Director.

Both changes will be effective from December 31st.

Mathewson's appointment in 2011 was considered to be somewhat controversial amongst analysts, and followed a two and a half year search. Prior to this role he had been a non-Executive Director on Playtech's board.

Hoffman, 36, is a qualified accountant and has worked in the Playtech finance team for over eight years before which he held a senior managerial position at Ernst & Young in Israel.

Commenting on the appointment, Playtech's Chairman, Roger Withers, said: "I am delighted that Ron is joining the Playtech board at this important time in the company's development. He has considerable experience within Playtech's business and has been integral to all of the group's successful acquisitions over the last few years and worked closely with David Mathewson.

"On behalf of the board, I would like to thank David for his important contribution to Playtech, in helping the company through to raising capital and the move to the main market, and we wish him well in his future."

The share price fell 0.02% to 426.90p by 08:30, after initially moving in the opposite direction.

NR