William Hill’s chief executive, James Henderson, has been ousted by the company following its disappointing online performance.
Henderson will leave immediately, ending a 31-year career at the bookmaker, which he joined as a trainee manager before working his way to the top.
Henderson was appointed chief executive two years ago, but it is thought the board called time on his leadership after problems with the online side of the business.
William Hill’s chairman, Gareth Davis, said: “James’s career with William Hill has spanned over 30 years covering the retail, online and international businesses. We would like to thank him for his significant contribution and we wish him all the best for the future.”
The bookmaker’s chief financial officer, Philip Bowcock, has been appointed interim chief executive until a replacement for Henderson is found.
“The group’s trading remains in line with the previous guidance of £260-280m of operating profit in 2016,” the company said.
Henderson was on a 12-month notice period and will receive a year’s salary, benefits and pension contributions, to be paid in monthly instalments.
This article was written by Angela Monaghan, for theguardian.com on Thursday 21st July 2016 08.24 Europe/Londonguardian.co.uk © Guardian News and Media Limited 2010