Feb 24, 2017
William Hill continues search for CEO
William Hill's eight month search for a new chief executive is set to continue, even as the company admitted that its performance over the 2016 financial year was "Below the board's expectations". He joined William Hill in November 2015 having been chief financial officer at Cineworld. Parvus, which has publicly advocated for a sale of the group this year, has declined to comment on the chief executive search. In January, the company delivered its second profit warning in 12 months, reporting that 2016 operating profit would be "At the bottom end" of its previous guidance of £260m-£280m. However, William Hill said it had seen "Encouraging signs" in current online trading and it expects its performance to improve in 2017, adding it was aiming to build a "Global technology platform" over the next three years and embark on a cost-cutting drive intended to find £40m in savings to fund investments. Last August, William Hill dismissed a £3bn takeover approach from a consortium that included Rank Group and 888 Holdings.
Related companies
Make a complaint about William Hill by viewing their customer service contacts.
