23rd of September 2011 Author: Johnny Karp
Betfair co-founder to keep a 10 percent stake in the business
An announcement came this week that Betfair co-founder and chairman Ed Wray is to leave the position of a chairman of the company, but that he is still to keep his 10-percent interest in the company.
This may or may not be a surprise but it is certainly not a pleasant news, having in mind that prior to this a number of the group's staff members departed, including the Australian regional CEO Andrew Twaits, the group CEO David Yu, chief product and services officer Mathias Entenmann, head of mobile Charlie Palmer, director of architecture, research and prototyping Matt Carter, director of UK sports and gaming Lee Cowles, and chief executive of financial betting exchange LMAX, Robin Osmond.
According to Wray, the board has already begun a search for a new deputy chairman to replace him when he departs. In addition, he said that the search for a successor to Yu, conducted by executive HR company Zygos, was going well. 'We are confident that we will get a great new leader for the business and will update you on progress in due course,' he said.
Sports Society News General Sportsbook News
14th of September 2011
21st of December 2011
25th of March 2019
22nd of March 2019
18th of February 2019
5th of February 2019
16th of February 2019
29th of January 2019
22nd of January 2019
23rd of January 2019
Join Now for full access
Disclaimer Contact Us Privacy Terms and Conditions Gambling Help Site Map
LatestSportsBonuses.com © 2006-2019