British Bookmaker WilliamHill has chosen a new General Director, Philip Bowcock.

British Bookmaker WilliamHill has chosen a new General Director, Philip Bowcock.

by 24.02.2017 0 comments

The company was looking for a new General Director during nine months. Finally, the decision has been made.

Remember, Bowcock was executing duties of the General Director after the retirement of James Henderson. Earlier Bowcock was the Chief Financial Officer of WilliamHill.

The decision will be announced on Friday, when the company presents the report about its achievements in 2016, FinancialTimes informs.

Bowcock came to the company in August 2015. In the past, he worked for companies Luminar Group Holdings, Tesco, Hilton Group and Barrett Developments.

However, according to the sources, appointment of a new General Director won’t reduce the hype about the company’s stocks at the stock market, because the biggest stockholder of WilliamHill, investment company Parvus, isn’t quite sure that Bowcock will cope with his duties. Remember, earlier Mass Media informed that Parvus was lobbying for the sale of the company.

It is also said that the candidates, who took part in negotiations, refused the proposal because they didn’t believe in efficient collaboration with existing administration of the company. Potential staff was also anxious because of fierce competition at the market.

According to preliminary estimation, the company must receive about 325 million dollars of operating profit for 2016 that is for 37, 5 million dollars less than in 2015.

However, Bowcock has a positive attitude. “We are sure that in 2017 the results will be better. Recent innovations and good results achieved in December afford us to think in a positive way”, he said.

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