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Online Casinos Company Welcomes New CEO
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Best Neteller Casinos - Online Casinos Company Welcomes New CEO
A leading online casinos company, Betfair, has recently welcomed and appointed a new CEO. The major UK betting exchange group is taking steps to rearrange and change its top executive structure. The new CEO for the online casinos operator is David Yu, who succeeds Stephen Hill. Former CEO Hill left the company after plans had been shelved regarding a share sale amid reports of animosity. Hill left the company on October 14th, 2005 approximately six weeks after Owen O’Donnell, Chief Financial Officer, also left the online casino operator.
Board changes have also taken place within Betfair which are also significant to the company’s structure and framework. The executive chairman of the online casinos company, Robert Horton, has also resigned, along with non-executive directors Nick Irens and Justin Dowley. Horton’s position has been appointed to Tim Bunting. Hopefully, for this online casinos firm, these numerous changes will serve the company well and improve its outlook for the fiscal year.
Betfair still expects to meet financial goals for the fiscal year which ends in May. It seems that the company has great faith that things will operate well with the new Board of Directors and executive members. Whether or not online casinos fans will notice a difference when playing at Betfair’s online gambling site is still unclear. Only time will tell if major changes, good or bad, will take place now that the online casinos firm is under new management.
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