{"id":46627,"date":"2017-03-12T10:00:22","date_gmt":"2017-03-12T17:00:22","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=46627"},"modified":"2017-03-11T12:25:37","modified_gmt":"2017-03-11T20:25:37","slug":"william-hill-finally-finds-a-ceo-after-extended-search-process","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/william-hill-finally-finds-a-ceo-after-extended-search-process\/","title":{"rendered":"William Hill Finally Finds a CEO After Extended Search Process"},"content":{"rendered":"<p class=\"p1\">William Hill has at last appointed a new CEO after a nine-month search, and it seems the best candidate was hiding in plain sight all along.<\/p>\n<figure id=\"attachment_46628\" aria-describedby=\"caption-attachment-46628\" data-style=\"width: 273px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-46628\" src=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2017\/03\/url-2.jpg\" alt=\"Philip Bowcock appointed William Hill CEO \" width=\"273\" height=\"185\" srcset=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2017\/03\/url-2.jpg 273w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2017\/03\/url-2-142x96.jpg 142w\" sizes=\"(max-width: 273px) 100vw, 273px\" \/><figcaption  id=\"caption-attachment-46628\"class=\"text-description\">Philip Bowcock will brush off concerns about his relative inexperience within the gambling industry to assume control as William Hill\u2019s chief executive. (Image: Daily Telegraph)<\/figcaption><\/figure>\n<p class=\"p1\">Philip Bowcock, formerly the company\u2019s finance chief, who has been acting as interim chief-executive since former CEO, James Henderson, was ousted from the board last July, will now officially take the reins.<\/p>\n<p class=\"p1\">Bowcock has presided over a difficult period for the company, as it fended off an \u201copportunistic\u201d takeover attempt by 888 Holdings in August, while a subsequent proposed \u201cmerger of equals\u201d between <a href=\"https:\/\/www.casino.org\/news\/uk-bookmaker-william-hill-issues-gloomy-profit-forecast-after-taking-25-million-hit-in-december\">William Hill<\/a> and Amaya fell through after a shareholder revolt.<\/p>\n<p class=\"p1\">&#8220;Since his appointment as interim CEO last July, Philip has driven the business forward at real pace and we have seen important progress across our online, retail and international businesses over that time,\u201d William Hill\u2019s chairman, Gareth Davis, said in an official statement this week.<\/p>\n<p class=\"p1\">&#8220;Our recent results show that William Hill is now in a stronger position and Philip has outlined a clear plan to continue that momentum into the future.&#8221;<\/p>\n<h2 class=\"p1\"><b>Always the Bridesmaid<\/b><\/h2>\n<p class=\"p1\">But there are plenty of challenges ahead for the new CEO. Henderson was apparently ousted for failing to shore up the company\u2019s digital arm, which has fallen behind some of its competitors in the sector. But its figures haven\u2019t been getting any better.<\/p>\n<p class=\"p1\">William Hill announced in February that online net revenue for 2016 had dropped 3 percent to \u00a3544.8 million.<\/p>\n<p class=\"p1\">Meanwhile, while many of its competitors have consolidated through mergers and acquisitions, William Hill\u2019s own consolidation ambitions have been frustrated at every turn.<span class=\"Apple-converted-space\">\u00a0 \u00a0<\/span><\/p>\n<blockquote class=\"main-blockquote\">\n<p class=\"p1\"><strong>The marriage of Ladbrokes and Gala Coral meant that William Hill was surpassed as the biggest retail bookmaker in the UK, and, meanwhile, the <a href=\"https:\/\/www.casino.org\/news\/paddy-power-founder-secretly-lobbied-fobts-contrary-interests\">Paddy Power<\/a> and Betfair tie-in has created a online gambling superpower.<\/strong><\/p>\n<\/blockquote>\n<h2 class=\"p1\"><b>Parvus Misgivings<\/b><\/h2>\n<p class=\"p1\">William Hill\u2019s proposed merger with Amaya was meant to create a \u201cclear international leader across online sports betting, poker and casino,\u201d until Parvus Asset Management, Hill\u2019s biggest shareholder, intervened, calling it a \u201cvalue-destroying deal\u201d and branded Amaya an \u201covervalued asset.\u201d<\/p>\n<p class=\"p1\">According to <i>Financial Times <\/i>sources, it\u2019s believed Parvus has reservations about Bowcock\u2019s abilities, based on his relative inexperience in the gambling industry.<\/p>\n<p class=\"p1\">He joined William Hill in 2015, having previously been CFO for British cinema chain Cineworld. <span class=\"Apple-converted-space\">\u00a0 \u00a0<\/span><\/p>\n<p class=\"p1\">\u201cI am proud to be chosen to lead William Hill, a business that millions of customers trust and a brand that is synonymous with betting,\u201d said Bowcock. \u201cDuring my time at the helm, I have had the opportunity to lead a passionate, talented and committed team and we have made considerable operational progress in recent months.<\/p>\n<p class=\"p1\">&#8220;The team and I are excited by the opportunity to keep improving our position in all our key markets whilst delivering a great experience for our customers.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>William Hill has at last appointed a new CEO after a nine-month search, and it seems the best candidate was hiding in plain sight all along. Philip Bowcock, formerly the company\u2019s finance chief, who has been acting as interim chief-executive since former CEO, James Henderson, was ousted from the board last July, will now officially [&hellip;]<\/p>\n","protected":false},"author":42,"featured_media":46628,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10,19],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>William Hill Finally Finds a CEO After Extended Search Process<\/title>\n<meta name=\"description\" content=\"Philip Bowcock will take the reins at William Hill after a turbulent nine months without a chief executive.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/william-hill-finally-finds-a-ceo-after-extended-search-process\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"William Hill Finally Finds a CEO After Extended Search Process\" \/>\n<meta property=\"og:description\" content=\"Philip Bowcock will take the reins at William Hill after a turbulent nine months without a chief executive.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/william-hill-finally-finds-a-ceo-after-extended-search-process\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2017-03-12T17:00:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2017-03-11T20:25:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2017\/03\/url-2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"273\" \/>\n\t<meta property=\"og:image:height\" content=\"185\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Casino.org Staff Writer\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Casino.org Staff Writer\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/william-hill-finally-finds-a-ceo-after-extended-search-process\/\",\"url\":\"https:\/\/www.casino.org\/news\/william-hill-finally-finds-a-ceo-after-extended-search-process\/\",\"name\":\"William Hill Finally Finds a CEO After Extended Search Process\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/william-hill-finally-finds-a-ceo-after-extended-search-process\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/william-hill-finally-finds-a-ceo-after-extended-search-process\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2017\/03\/url-2.jpg\",\"datePublished\":\"2017-03-12T17:00:22+00:00\",\"dateModified\":\"2017-03-11T20:25:37+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/8c48bf89dc86da77b4d856c7b3b78d77\"},\"description\":\"Philip Bowcock will take the reins at William Hill after a turbulent nine months without a chief executive.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/william-hill-finally-finds-a-ceo-after-extended-search-process\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/william-hill-finally-finds-a-ceo-after-extended-search-process\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/william-hill-finally-finds-a-ceo-after-extended-search-process\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2017\/03\/url-2.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2017\/03\/url-2.jpg\",\"width\":273,\"height\":185,\"caption\":\"Philip Bowcock will brush off concerns about his relative inexperience within the gambling industry to assume control as William Hill\u2019s chief executive. 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