Resignation Of 888.Com Holdings CEO
Published: Friday, September 15, 2006 Online-Casinos.com
888.COM CEO'S RESIGNATION NOTHING TO DO WITH U.S. SITUATION
Anderson planning to return to his property businesses, but will stay on as a non-executive director
Coming on the back of outstanding business results released this week in which 888.com Holdings almost doubled profits (see previous Online-Casinos.com/InfoPowa reports) the announcement by veteran online gambling exec John Anderson that he planned to step down as CEO in December came as a shock to most people in the industry.
Anderson (57) confirmed that he will be replaced by the chief operating officer, Gigi Levy because it was "time to bring in some fresh eyes".
The brusque Scot, who has an accounting background, leaves after six years in a business which he led through its stock market flotation in 2005, but will stay on as a non-executive director. Anderson said he is keen to pursue his property interests at Burford Holdings where he led a management buyout in 2001, and remains its chairman. He previously worked for Ladbrokes.
Anderson denied his departure was linked to recent US legal events, saying: "If I was concerned about the US, I would not stay on the board of directors at 888." But he admitted no one in the company had plans to travel to the U.S. at present, saying he mainly travels between his home in Tel Aviv, the company's headquarters in Gibraltar where he has an office, and London.
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