Playtech Brings in Paul Hewittt as Its Non-Executive Director

Playtech (LSE: PTEC) has appointed Paul Hewitt as its newest Non-Executive Director, who joins the company with immediate effect, according to a Playtech statement.

In his new versatile role as Playtech’s Non-Executive Director, Mr. Hewitt will be chairing the Board's Risk & Compliance Compliance In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a Read this Term Committee and Remuneration Committee, while also sitting on the Audit Committee and Nominations Committee.

Prior to the appointment, Mr. Hewitt has recently held senior level roles as the Deputy Group Chief Executive and Chief Financial Officer of the Co-operative Group between 2003 to 2007. Additional stops also include RAC plc dating back to 1999. Relegated to a non-executive role however, Mr. Hewitt has helped a number of management teams adapt and foster improved business models and transparency measures.

According to Playtech's Chairman, Alan Jackson, in a recent statement on the board move, "I am delighted that Paul has decided to join Playtech's board at such an exciting time in the Company's evolution. Paul brings a wealth of experience across a variety of sectors, including in the financial services industry, and his experience will prove invaluable to Playtech's continued growth."

Earlier today, Playtech reported its H1 2015 results, which showed revenues rising 33% to $323 million (€286.0 million), with an adjusted net profit of $130 million (€115 million). The report was the first since the formation of its Financials Division, which was created after the gaming operator announced three acquisitions of FX and CFD brokers.