Philip Bowcock Appointed as William Hill Permanent CEO

After a long search process following the departure of James Henderson, UK bookmaker, William Hill, has decided on its newest CEO. The job has officially been offered to Philip Bowcock, formerly the company’s chief financial officer, and stand-in chief executive since July. The decision comes after a grueling search, and a series of rejections from experienced prospects. Bowcock will assume the permanent position IMMEDIATELY, and receive a salary of £600,000 a year, plus benefits. According to the company’s chairman, Gareth Davis, "Since his appointment as Interim CEO last July, Philip has driven the business forward at real pace and we have seen important progress across our Online, Retail and international businesses over that time. Our recent results show that William Hill is now in a stronger position and Philip has outlined a clear plan to continue that momentum into the future.” The company saw a 1% revenue increase for 2016, and a 3% DECLINE in online revenue, the first in a decade. Addressing this decline, Bowcock commented, "2016 was a challenging year for William Hill, but one in which we made considerable operational progress, leaving us well-placed to drive the business forward in 2017.” Of the recent appointment, Bowcock added, “I am proud to be chosen to lead William Hill, a business that millions of customers trust and a brand that is synonymous with betting. During my time at the helm, I have had the opportunity to lead a passionate, talented and committed team and we have made considerable operational progress in recent months. The team and I are excited by the opportunity to keep improving our position in all our key markets whilst delivering a great experience for our customers.” Source: "Philip Bowcock appointed CEO of William Hill”. March 10, 2017.