Playtech Swaps Non-Executive Board Directors

Gaming and financial trading company Playtech (LSE: PTEC) has issued an announcement publicizing the appointment to the board of a new non-executive director. John Jackson will be taking a position with the company, and will be sitting on several committees overseeing operations at Playtech.

Starting from January 1st 2016, Mr. Jackson will sit on the Board's Remuneration Committee, the Risk and 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, the Audit Committee and the Nominations Committee.

He will be replacing Deputy Chairman and non-executive director Hilary Stewart-Jones, who has resigned from the board to pursue other opportunities. The change will take effect from the 31st of December 2015.

Mr. Jackson's previous roles include CEO of Jamie Oliver Holdings Limited between 2007 and 2015 as well as Retail and Leisure Director of Virgin Group Limited from 1998 until 2007.

He also serves on several other boards as non-executive director - Rick Stein Group, Game Digital plc and Wilkinson's Hardware Stores Limited.

The Playtech Chairman, Alan Jackson, commented on the changes: “John brings a wealth of consumer industry experience to the Company, having worked with some of the most iconic brands of the last 30 years. This, combined with his strong accountancy and finance background, will prove invaluable to Playtech's continued growth.”

The London listed gaming giant has been striving to expand its market share in the financial trading sphere through the acquisitions of AvaTrade and Plus500, however the company’s expansion plans have gone south after the Bank of Ireland and the U.K. Financial Conduct Authority have refused to permit the acquisitions.