Sportstech chairman to retire next month

UK betting company Sportech plc announced Friday that chairman Roger Withers is to retire next month, and will be replaced by current non-executive director Richard McGuire.

Ian Penrose, Sportech's chief executive said in a company statement Friday:

“I would like to take this opportunity to thank Roger Withers for his tremendous contribution to Sportech over the last six years. Throughout his tenure as chairman he has provided the board with fine leadership and wise counsel. On behalf of the Bboard, I would like to wish him well for his retirement”.

Withers responded: “I have thoroughly enjoyed my time as chairman of Sportech and am delighted to be leaving the company in great shape. I would like to express my appreciation of the excellent job done by Ian Penrose in leading the transformation of the group over the last few years. It has been a pleasure to work with him.

“I have been very impressed with Richard's contribution to the board during his eight months with us and I am delighted that he will chair Sportech through the next stage in its development. We will spend the next few weeks ensuring there is an orderly handover and transition”.

Sportech followed the announcement with a further press release naming Richard Cooper (56) as a new non-executive director and chair of the Audit Committee to its board, effective May 24.

Cooper is a Chartered Accountant, and has served shareholders' interests in a number of leading public companies, most recently as group finance director at GVC Holdings plc, the online gaming group, where since 2008 he played a key role in driving the company's growth strategy. He has extensive international experience gained across a wide range of service industries. Previous roles include CFO of Trident Gaming PLC, Group Finance Director of Patsystems PLC, and an earlier career in moneybrokers, Tullett Prebon.

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