Sportech CEO moves on after a year at the helm

News on 13 Nov 2018

UK and USA betting and racing systems provider Sportech plc announced Tuesday that group CEO Andrew Gaughan has given the board notice of his intention to resign from the company early next year.

Sportech sets Gaughan’s departure date as 28 February 2019, and reports that it has already begun a search for his replacement.

The company additionally advised on other senior movements, noting that Richard McGuire, current Non-Executive Chairman, becomes Sportech Interim Executive Chairman with immediate effect and will relocate to the company’s US sports betting operation in Connecticut.

Commenting on Gaughan’s departure, McGuire said: “The Board thanks Andrew for his significant contribution to the Group, and for leading Sportech as CEO over the past year. I will be working closely with Andrew in the coming months, and as of the end of February we wish him well for the future.”

Gaughan gave little insight into his reasons for resigning, saying only: “I have enjoyed my time at Sportech over the past eight years, and I leave the Group in a position of strength with an established core global betting technology business and well placed to take advantage of the opportunities that the US sports betting market presents. I wish Sportech every success in the future.”

Gaughan has been Chief Executive Officer of Sportech plc since March 14, 2018. Prior to that he was Executive Director at Sportech since January 25, 2017 and served as the president of Sportech Racing and Digital since January 25, 2017.

He served as managing director of Sportech Racing and as its managing director of Interactive Products and Services and Business Development Director during hius career with the London listed company.

Gaughan joined Sportech Racing (previously Scientific Games Racing) in 2004 as Managing Director Europe, based in London. He previously held senior positions at Scientific Games Corporation, Magna Entertainment Corporation and Woodbine Entertainment Group.

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