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29 Aug 2008 07:00
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Β 29 AugustΒ 2008
PartyGaming Plc
("PartyGaming" or the "Company")
Non-Executive Chairman AppointmentΒ
Further to the Company's announcement on 15 May 2008, PartyGaming is pleased to announce the appointment of Rod Perry as Non-Executive Chairman with effect fromΒ today. Mr. Perry succeeds Michael Jackson, whoΒ todayΒ steps down as a Director.
Rod Perry (63) has served as a non-executive Director with PartyGaming since May 2005 and since February 2007 has been the Senior Independent Director. During his tenure Mr. Perry has also served at various times as Chairman of the Audit Committee, Remuneration Committee and Ethics Committee.
As a consequence of this change, PartyGaming's Board of Directors has appointedΒ Lord Moonie, who joined the Board on 13 December 2007,Β as the Senior Independent Director and Chairman of the Remuneration Committee. Mr. Perry will chair the Nominations Committee. These changes take effect fromΒ today.
Commenting today Chief Executive Officer,Β Jim RyanΒ said:
"I look forward to working closely with Rod as we develop the Group's strategy to both grow our existing revenue streamsΒ andΒ also to seek to exploit new opportunitiesΒ over the coming months and years. Rod's experience and knowledge of the online gaming sectorΒ and PartyGamingΒ make him the ideal person to oversee the Board going forwardΒ and to provide continuity following a period of a change to the membership of the Board. On behalf of my fellow Directors,Β I wish to thank Michael Jackson for his service to PartyGaming over the last 3.5 years."Β
Rod Perry said:
"I am honoured to have been selected by the Board to lead PartyGaming into its next phase of development. Since becoming a public company, we have had to face and overcome a series of major challenges. Looking forward, I am excited about the opportunities that a fresh approach underΒ Jim RyanΒ as CEO will bring and am confident that under his stewardship, the management team can unlockΒ furtherΒ value for shareholders."
Contacts:
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PartyGaming Plc |
+44 (0)20 7337 0100 |
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Peter Reynolds, Director of Investor Relations |
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John Shepherd, Director of Corporate Communications |
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