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William Hill PLC

William Hill PLC - William Hill appoints new CFO

RNS Number : 1359D
William Hill PLC
17 February 2020
 

William Hill PLC (the 'Company')

Board Change

William Hill appoints new CFO

17 February 2020

 

William Hill PLC (LSE: WMH), today announces the appointment of Adrian Marsh as William Hill's next Chief Financial Officer (CFO). He will join the Company and be appointed as an Executive Director to the William Hill Board later in the year.

 

As announced on 13 January 2020, the Company's current CFO, Ruth Prior will be leaving the Company to join Element Materials Technology.

 

Adrian will join William Hill from DS Smith Plc (LSE:SMDS), an international packaging business where he has been Group CFO for the past seven years, during which time the Company transitioned from the FTSE 250 to the FTSE 100. He is a Non-Executive director of John Wood Group PLC and chair of its Audit Committee. He was previously Group Director of Tax, Treasury and Corporate Finance of Tesco PLC. Prior to this, he was European CFO at AstraZeneca plc and CFO, Global Building Products at Pilkington plc. He is a graduate of University College Cardiff and a Fellow of both the Chartered Association of Certified Accountants and The Association of Corporate Treasurers.

 

CEO Ulrik Bengtsson said: "I am delighted to welcome Adrian to the Board. As a proven CFO of a FTSE listed company with M&A, deal execution and multi-sector finance experience in US & European markets, he will be able to make a significant contribution to William Hill in the enablement of the strategy and is a great addition to the team".

 

Adrian Marsh commented: "I am extremely excited to be joining William Hill at such a key time in the Company's history, and look forward to supporting Ulrik and the rest of Board in delivering their growth plans for the future".

 

The effective date of Adrian's appointment to the Board and Ruth's departure will be announced in due course. 

 

 

Balbir Kelly-Bisla

Company Secretary

17 February 2020

 

 

OAM: Inside Information

William Hill LEI: 213800MDW41W5UZQIX82

 

 

Enquiries

 

William Hill PLC

Roger Devlin, Chairman

Tel: +44 (0) 20 7612 3000

 

Louise Turner-Smith, Director of IR

 

 

Ciaran O'Brien, Director of Corporate Communications

 

 

 

 

Brunswick

Andrew Porter / Ruan Tremayne

Tel: +44 (0) 20 7404 5959

 

 

Notes and other disclosures

 

1.   Remuneration

Full details of Adrian Marsh's remuneration arrangements, which are consistent with the shareholder approved Remuneration Policy, will be set out in the 2019 Directors' Remuneration Report which will be published shortly. Adrian's contract of employment will be available for inspection at the Company's registered office from his date of appointment.

 

Following Ruth Prior's resignation, she is not entitled to receive any bonus for 2019 or the portion of 2020 for which she is employed by William Hill and all unvested PSP and Deferred Annual Bonus awards lapsed as a result of her resignation. In addition, she will not be entitled to receive any further PSP and Deferred Annual Bonus awards between now and when she leaves William Hill.  She will continue to receive her contractual base salary, benefits and pension provision up to the point that she ceases employment with William Hill PLC, at which point full details of her leaving arrangements will be disclosed on the Group's corporate website (www.williamhillplc.com) in line with Section 430(2B) of the Companies Act.

 

2.   Shareholding information

Adrian Marsh does not currently have an interest in any ordinary shares in William Hill PLC

 

3.   Regulatory disclosure

This announcement is made pursuant to LR 9.6.11 of the UK Listing Authority's Listing Rules (the UK Listing Rules). The Company confirms that, in respect of Listing Rule 9.6.13R(1), Adrian Marsh is currently an Executive Director of DS Smith Plc. This directorship will cease before he commences his employment with William Hill. There are no further details to be disclosed in respect of Adrian Marsh under Listing Rule 9.6.13(R)(2)-(6).

 

4.   Supplementary information

Ruth Prior joined William Hill as CFO in March 2017.

 

 

About William Hill PLC

William Hill PLC is one of the world's leading betting and gaming companies, employing c12,500 people. Its origins are in the UK where it was founded in 1934, and where it is listed on the London Stock Exchange. The majority of its £1.6bn annual revenues are still derived from the UK, where it has a national presence of licensed betting offices and one of the leading online betting and gaming services. William Hill's European Online business is headquartered in Gibraltar and Malta, and is licensed online in 10 countries following the acquisition of Mr Green & Co AB in January 2019. In 2012, it established William Hill US with a focus on retail and mobile operations in Nevada and became the largest sports betting business in the US. Following the ruling in May 2018 by the Supreme Court that the federal ban on state sponsored sports betting was unconstitutional, William Hill US has expanded and continues to expand as new states regulate sports betting. It is now operating in nine states: Delaware, Indiana, Iowa, Mississippi, Nevada, New Mexico, New Jersey, Rhode Island and West Virginia in addition to Washington DC. Eldorado Resorts, Inc. currently owns shares representing 20% of the share capital of William Hill US Holdco, Inc., the holding company of William Hill US.

 


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