CryptoLogic has selected David Gavagan as its new independent non-executive chairman. The appointment takes effect after the company's annual shareholders' meeting on June 3, 2009.
Gavagan, a fellow of the Institute of Chartered Accountants in Ireland, joined CryptoLogic’s board as an independent non-executive director in June 2008. He has more than 29 years of boardroom experience at many public and private companies and was the co-founder and managing partner of a private equity fund.
"I am honoured to succeed Robert Stikeman, who helped pioneer the internet gaming industry and provided strong leadership as CryptoLogic’s chairman for the past six years," Gavagan said. "As CryptoLogic enters a new stage of its development, today’s announcement reflects our continued commitment to the highest standards of corporate governance and to long-term value for our shareholders."
