BUSINESS

Bwin.party director steps down; Betfair CEO buys shares; Tipp24 get their lad

TAGs: Betfair, Breon Corcoran, bwinparty, joachim baca, Ladbrokes, Tipp24

bwin party betfair tipp24Bwin.party digital entertainment is on the look out for a new member of the board after Joachim Baca announced he’d be stepping down. The firm made the announcement earlier today and it relates to the board’s composition becoming compliant with the UK Corporate Governance Code regarding the balance between independent and non-independent directors. Baca will continue to carry out his duties as COO and the news came on the same day that Jim Ryan, former co-CEO, cleared his desk and left things under the sole control of Norbert Teufelberger. Ryan’s retirement comes after an 11-year career in the online gambling industry and he will now move to Canada to retire.

Betfair’s new CEO boosted his share portfolio late last week by buying over £100,000 worth of shares in the betting exchange. Breon Corcoran bought 25,000 shares at 658.94p and handed over £164,735 for the privilege. Alexander Gersh, the firm’s chief financial officer, also got in on the act and spent £131,490 on 20,000 shares priced at 657.45p apiece.

Germany’s Tipp24 has moved to appoint former Lad Paul Witten as their new head of business development. Witten’s new role is based in London and comes after he spent the past few years working as Ladbrokes’ director of e-commerce and mobile. The role at Tipp24 will see him responsible for the company’s global expansion across all aspects of online lottery and related business areas. Before Ladbrokes, Witten was global marketing director at Betfair and also once worked as a director of business development at eBay. His is the second newly created role after Sebastian Blohm was appointed last week and it’s all part of their ambitions to become more successful internationally.

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