Andy McIver is to step down as CEO from Jackpotjoy, the company has announced.
Jackpotjoy said in statement: “As a part of the company’s continuing strategy to strengthen the group’s operational focus, […] the board has decided […] that further operational expertise is needed to ensure the company is best placed to maximise future growth prospects through its core business segments.”
His resignation comes after the company listed on the London Stock Exchange earlier this year.
Under the Jackpotjoy’s new management structure, Neil Goulden, currently chair, will become executive chairman, responsible for leading the development and execution of the company’s long term strategy.
The board has since appointed Simon Wykes, an industry veteran with experience in Ladbrokes Gala and Rank Group, as group managing director to provide additional operational expertise.
His main role will be working with the senior management teams across each of the company’s three business segments – Jackpotjoy, Vera&John, and Mandalay; and he will also join the board.
Both appointments will become effective from 1 November 2017, while McIver will remain with the Company until 31 January 2018.
Goulden said: “Simon is a highly-experienced executive with an extensive knowledge of the bingo sector and considerable expertise in managing high-volume consumer businesses. His experience in the digitalisation of gaming businesses will be invaluable in achieving synergies across our main business segments and to drive the future growth of the group.
“On behalf of the board, I would also like to thank Andy for the commitment, leadership and integrity he showed during his tenure, which has seen Jackpotjoy cement itself as the world’s largest online bingo-led company following its successful listing on the London Stock Exchange. We wish him well with his future endeavours.”