Playtech confirms Penrose appointment

Playtech has this morning (Tuesday) confirmed the appointment of Ian Penrose as a non-executive director amid reports that he has been lined up to take over as chairman.

Penrose served as chief executive of Sportech from 2005 to 2017, prior to which he had a spell in the same role at Arena Leisure from 2001 until 2005.

In addition, Penrose is currently non-executive chairman of England’s National Football Museum in Manchester, as well as a strategic and operational adviser to Alizeti Capital on the acquisition of the UK Tote.

Penrose will join the Playtech board on September 1 and become a member of the Audit, Risk and Compliance, Remuneration and Nominations committees.

Playtech chairman Alan Jackson said: “Ian led the business turnaround and international repositioning at Sportech and will bring knowledge of the US gambling market in particular, having led strategic initiatives in the region over the last eight years, and has been personally licensed in several states.

“His deep sector experience makes him a valuable addition and we look forward to working with Ian, who will bring a fresh and insightful perspective to board discussions.”

Confirmation of the appointment comes after reports at the weekend suggested Penrose was being lined up to take over as chairman at the company.

According to The Times, Penrose is viewed internally as a long-term replacement for Jackson, whose position as chairman has come under scrutiny in recent times.

In May, 35.2% of investors voted against re-electing Jackson, who has been in the role since 2013.

Playtech, which issued a profit warning last month, is due to post its financial results for the first half of the year on Thursday.