Betting technology supplier Sportech has announced that group CEO Andrew Gaughan is to leave the company.
Having informed the board of his decision, a market update related that Gaughan is to officially leave on February 28, 2019, in order to “to pursue other interests”.
Non-executive chairman Richard McGuire becomes interim executive chairman with immediate effect and is to relocate the group’s US base to Connecticut, which is seen as a key state for Sportech.
The group will now start the process of identifying and appointing a new CEO and also, an independent non-executive director.
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 added: “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.”
Sportech also stated that trading in the current year remains in line with the trading update announced November 7, 2018.
