Jackpotjoy takes punt on fresh leadership by calling time on its chief executive
JACKPOTJOY has taken a punt on fresh leadership by calling time on its chief executive just nine months after floating on the London Stock Exchange.
Jackpotjoy revealed it is on track to hit the upper end of its annual targets
The online betting firm said CEO Andy McIver would step down at the end of January, with a rebooted management team taking charge of its growth strategy.
The move will see chairman Neil Goulden become executive chairman, while Simon Wykes will join as group managing director.
Mr Goulden said in a statement to the media: "Simon is a highly-experienced executive with an extensive knowledge of the bingo sector and considerable expertise in managing high-volume consumer businesses.
Jackpotjoy revealed that shares were up 8p to 817p
Simon is a highly-experienced executive with an extensive knowledge of the bingo sector
"His experience in the digitalisation of gaming businesses will be invaluable in achieving synergies across our main business segments and to drive the future growth of the group."
It came as the company said it enjoyed “strong trading” in the first half of the year carrying through into the third quarter.
The firm also revealed it was on track to hit the upper end of its annual targets.
Shares were up 8p to 817p last night as markets welcomed the news.