OpenBet CEO Jeremy Thompson-Hill to depart
Chief exec will take up two-year advisory role with parent company NYX following exit
OpenBet CEO Jeremy Thompson-Hill will step down from his role in early 2017, as the supplier’s parent company NYX Gaming undergoes an organisational restructure.
EGR understands the move has been planned for several months, with Thompson-Hill expected to formally stand down in H1 next year, at which point he will take up a two-year exclusive advisory role with NYX.
Thompson-Hill has served at OpenBet for almost 17 years, the last four as chief executive following his appointment in March 2013.
Prior to that he was the company’s COO for five years, having initially joined in 1999 in a sales and operational role.
The switch follows the introduction of a new operational model at NYX, which was announced on this week’s Q3 earnings call.
The Toronto-listed firm is restructuring its business to consolidate its recent acquisitions ÛÒ including OpenBet, Cryptologic, Chartwell and BetDigital ÛÒ into a more streamlined company.
The new corporate structure will feature four specific business units ÛÒ casino, sportsbook, bingo and lottery ÛÒ with new directors to be appointed for each unit.
Finance, human resources and corporate service functions will also led from a London office.
NYX CEO Matt Davey said: “Having acquired and developed the assets we need to make the most of the opportunity ahead, we needed to move to a new operating model. The new model will provide us with improvements in efficiency, flexibility and speed to market.”