TIDM888
RNS Number : 2313M
888 Holdings plc
13 September 2023
13 September 2023
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM ANY OTHER
JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE
RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
FOR IMMEDIATE RELEASE
888 Holdings Plc
("888" or "the Group")
Appointment of Sean Wilkins as Chief Financial Officer
888 (LSE: 888), one of the world's leading betting and gaming
companies with internationally renowned brands including William
Hill, 888 and Mr Green, today announces the appointment of Sean
Wilkins as Chief Financial Officer ("CFO"), with effect from
February 1, 2024.
Sean has seventeen years of experience in CFO roles at both
private and public companies, having most recently held the
position of Group CFO of Superbet, a leading omni-channel betting
and gaming business with operations primarily across Romania,
Poland, Serbia and Belgium. Prior to this, Sean held CFO roles at
several consumer-facing businesses including Big Bus Tours,
Domino's Pizza Group PLC, Tesco Malaysia, Tesco Telecom, and O2
Asia.
The Group's current CFO, Yariv Dafna, will step down from his
role and the Board on October 2, 2023 following an orderly handover
of responsibilities to Vaughan Lewis, the Group's Chief Strategy
Officer, who will also assume the role of interim CFO until Sean
joins the Group.
Lord Mendelsohn, Executive Chair of 888, commented:
"The Board is delighted to announce the appointment of Sean as
the Group's new CFO following a thorough search process. In
addition to having an in-depth understanding of the betting and
gaming industry, Sean brings a wealth of relevant experience gained
in CFO roles at international businesses, where he has demonstrated
a strong track record of value creation.
Alongside Per Widerström - the Group's new CEO who joins on 16
October - and the rest of the leadership team, the Board is highly
confident that the Group has an outstanding executive team in place
with the right skills and capabilities to deliver the Group's clear
strategic plans and priorities. I am also pleased that Vaughan will
assume the role of Interim CFO over the coming months, ensuring we
continue to drive forward and maximise our potential.
On behalf of the Board, I would like to thank Yariv for his
important contributions to the business in the last three years,
including playing a crucial role in the completion of our
transformational combination with William Hill and the successful
integration of the businesses, and also for providing stability in
the role of CFO over recent months while we searched for a
permanent successor. We wish him every success in his future
endeavours."
Sean Wilkins, incoming CFO of 888, commented:
"Having worked in the regulated online betting and gaming
industry over recent years, I have followed 888 closely. Following
its transformational acquisition of William Hill, the Group has all
the ingredients for long-term success: outstanding brands,
technology and people. The Board has set out very clear plans to
create significant shareholder value and I am really looking
forward to being part of the leadership team to deliver these plans
and achieve the Group's clear potential ."
Enquiries and further information:
888 Holdings Plc +44(0) 800 029 3050
Lord Mendelsohn, Executive Chair
Vaughan Lewis, Chief Strategy Officer
Investor Relations
James Finney, Director of IR ir@888holdings.com
Media 888williamhill@hudsonsandler.com
Hudson Sandler
Alex Brennan / Charlotte Cobb / Andy Richards +44(0) 207 796 4133
Biography :
-- Sean Wilkins, 54, is a proven CFO with an excellent track
record of value creation in both public and private companies
across multiple leading consumer-facing businesses, and in
non-executive and executive roles.
-- Sean was most recently Group CFO of Superbet, from January
2022. Superbet is a market leading omni-channel operator (majority
online) with operations primarily across Romania, Poland, Serbia
and Belgium, with revenues of approximately EUR 1bn.
-- Prior to Superbet, he was Group CFO of Big Bus Tours from
2015 to 2022, where he was instrumental in the significant global
expansion of the company through multiple acquisitions, more than
doubling EBITDA while building a leading finance function to
oversee its operations across 23 cities worldwide including in the
UK, Europe, Middle East, Asia and the US.
-- Prior to Big Bus Tours, Sean was Group CFO of Domino's Pizza
Group plc from 2013 - 2015 where he gained listed company
experience. Sean built a high-calibre finance team and overhauled
financial control in the UK, Ireland Germany and Switzerland.
-- Sean began his career in management consulting, corporate
finance and investment banking before joining O2 as Head of
Wholesale in 2003. He later became Chief Financial Officer at O2
(Asia) in 2006, before moving to Tesco Telecoms in 2008 as Chief
Financial Officer and International and Strategy Director. He then
moved to Tesco Malaysia as Chief Financial Officer in 2009, before
becoming General Manager of Supermarkets Finance at Coles
Supermarkets in Australia in 2012.
-- Sean is a chartered management accountant and holds a
Bachelors degree in Philosophy, Politics and Economics from Oxford
University.
Disclosures pursuant to paragraph 9.6.13 of the Listing Rules of
the Financial Conduct Authority
There are no further disclosures required in respect of these
appointments pursuant to paragraph 9.6.13 of the Listing Rules of
the Financial Conduct Authority.
CFO remuneration
Sean Wilkins will receive an annual fixed pay of GBP430,000, be
eligible to receive annual bonus and Performance Share Plan awards,
all in line with 888's existing remuneration policy.
Further details of his remuneration arrangements will be set out
in the 2023 Director's Remuneration Report.
About 888 Holdings Plc:
888 Holdings plc (and together with its subsidiaries, "888" or
the "Group") is one of the world's leading betting and gaming
companies. The Group owns and operates internationally renowned
brands including William Hill, 888, and Mr Green. In addition, the
Group operates the SI Sportsbook and SI Casino brands in the US in
partnership with Authentic Brands Group.
Incorporated in Gibraltar, and headquartered and listed in
London, the Group operates from offices around the world and
employs over 11,000 people globally.
The Group's mission is to lead the gambling world in creating
the best betting and gaming experiences, bringing unrivalled
moments of excitement to people's day-to-day lives. It achieves
this by developing state-of-the-art technology and content-rich
products that provide fun, fair, and safe betting and gaming
entertainment to customers worldwide.
Find out more at:
http://corporate.888.com/
Important Notices
This announcement may contain certain forward-looking
statements, beliefs or opinions, with respect to the financial
condition, results of operations and business of 888. These
statements, which contain the words "anticipate", "believe",
"intend", "estimate", "expect", "may", "will", "seek", "continue",
"aim", "target", "projected", "plan", "goal", "achieve", words of
similar meaning or other forward looking statements, reflect 888's
beliefs and expectations and are based on numerous assumptions
regarding 888's present and future business strategies and the
environment 888 will operate in and are subject to risks and
uncertainties that may cause actual results to differ materially.
No representation is made that any of these statements or forecasts
will come to pass or that any forecast results will be achieved.
Forward-looking statements involve inherent known and unknown
risks, uncertainties and contingencies because they relate to
events and depend on circumstances that may or may not occur in the
future and may cause the actual results, performance or
achievements of 888 to be materially different from those expressed
or implied by such forward looking statements. Many of these risks
and uncertainties relate to factors that are beyond 888's ability
to control or estimate precisely, such as future market conditions,
currency fluctuations, the behaviour of other market participants,
the actions of regulators and other factors such as 888's ability
to continue to obtain financing to meet its liquidity needs,
changes in the political, social and regulatory framework in which
888 operates or in economic or technological trends or conditions.
Past performance of 888 cannot be relied on as a guide to future
performance. As a result, you are cautioned not to place undue
reliance on such forward-looking statements. The list above is not
exhaustive and there are other factors that may cause 888's actual
results to differ materially from the forward-looking statements
contained in this announcement. Forward-looking statements speak
only as of their date and 888, its respective parent and subsidiary
undertakings, the subsidiary undertakings of such parent
undertakings, and any of such person's respective directors,
officers, employees, agents, affiliates or advisers expressly
disclaim any obligation to supplement, amend, update or revise any
of the forward-looking statements made herein, except where it
would be required to do so under applicable law. No statement in
this announcement is intended as a profit forecast or a profit
estimate and no statement in this announcement should be
interpreted to mean that the financial performance of 888 for the
current or future financial years would necessarily match or exceed
the historical published for 888
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