William Hill exec to step down

David Harding, the much-respected chief executive of the UK bookmaker William Hill, has announced today he will step down from his position role before the end of this year.

"Having spent seven years helping to build the company into the UK's leading bookmaker, the time is right to move on and I am looking forward to a new challenge,” Mr Harding said in a statement.

Mr Harding had been at the company since 2000 and had overseen the company’s flotation on the stock market in 2002. In that time, the value of William Hill shares has more than doubled.

It is thought that Mr Harding will now look for another role in the city but perhaps one that is less demanding. He has recently become a father and is said to want a change of pace.

However, although William Hill is sad to see such an influential figure leave, they remain upbeat about the future of the company.

“The board accepted his decision to step down with regret and will continue to work closely with him during the transition phase. The company is in good health and given the depth of management talent, the board has every confidence that William Hill will continue its strong performance as we search for David's successor,” Charles Scott, chairman of William Hill said in a statement.

This latest announcement follows a reshuffle of executive roles last November. Tom Singer, who was then the companies chief operating officer and a perceived successor to Mr Harding, received a £500,000 pay-off after the review of executive roles found that his position was no longer needed.

Editor, Jackpot.co.uk - 2007-06-25 11:25:36

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