A senior management shakeup at William Hills’ Australian operations has seen the departure of CEO Michael Sullivan and COO Anthony Waller.
Prior to the announcement, the UK-based betting giant issued a statement saying the company and the Sullivan “were in discussions about the future of the leadership of the Australian operations” before announcing that James Henderson, group director of operations, would fill Sullivan’s position until a permanent replacement is found.
Hills’ Sportingbet subsidiary, which Sullivan headed prior to its acquisition by the bookmaker in 2012, issued a statement saying “both William Hill and Michael believe the time now is right for him to pursue other challenges”.
Sullivan said only that “all parties are happy” and wished the company the best.
It was not clear what will happen with £15 million in bonuses promised to Sullivan and three other Sportingbet executives when Hills acquired the company. The bulk of that money was to be paid in 2017 and 2018, with the final sum tied to performance criteria.
