REG - William Hill PLC - William Hill appoints new CFO
17/02/2020 07:00
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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
(http://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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