One of the UK’s largest betting firms, William Hill has announced that their Cheif Financial Officer (CFO) Ruth Prior, wishes to depart from her post.
The news of Ruth’s departure comes despite William Hill posting ‘strong’ operating figures in an announcement on the London Stock Exchange earlier this morning.
Ulrik Bengtsson, Chief Executive Officer, William Hill, said: “I am very appreciative of Ruth’s support and professionalism since I took on the role as CEO. She has supported the business during what has been a period of unprecedented change for the sector, and we would like to thank her for all she has done for William Hill”.
Ruth joined Wiliam Hill in October 2017; however, expressing a desire to return to the private equity sector, Ruth is set to become the new CFO for Element Materials Technology when she departs the betting firm in the next 12 months.
Commenting on her time at the Company Ruth Prior said: “I have enjoyed my time at William Hill and believe that the Company is in a strong position to take advantage of many opportunities ahead and deliver improved business and financial performance. I wish the business every success in the future”.
William Hill is expecting to generate in the range of £143m to £148m in operating profit after a transitional year that has seen them attempt to dispose of 600 stores.