William Hill PLC (LSE: WMH) today announces that Ruth Prior, Chief Financial Officer (CFO), has informed the Board of her intention to step down as CFO and as a Director of the Company to return to the private equity sector, joining Element Materials Technology, as CFO.
The Board has commenced a search to identify a successor. Ruth’s contract requires her to give 12 months’ notice period and her departure date will be determined in due course.
Ruth joined William Hill on 2 October 2017 as a member of the Board and Group Executive team, playing a key part in developing and delivering the strategy of the Company and driving several transformation initiatives, as well as having responsibility for Group Assurance and Procurement functions.
Ulrik Bengtsson, Chief Executive Officer, William Hill, said: “I am very appreciative of Ruth’s support and professionalism since I took on the role as CEO. She has supported the business during what has been a period of unprecedented change for the sector and we would like to thank her for all she has done for William Hill.”
Ruth Prior said: “I have enjoyed my time at William Hill and believe that the Company is in a strong position to take advantage of many opportunities ahead and deliver improved business and financial performance. I wish the business every success in the future.”
