Edinburgh-based gaming technology company Sportech has announced Chief Executive Richard McGuire and Chief Financial Officer Tom Hearne will step down next month, following a reevaluation of its business lines and disposal of certain assets. These included the sale of Sportech’s Global Tote Business to BetMakers, its Bump 50:50 subsidiary to Canadian Banknote and a freehold property in Connecticut.
McGuire said, “After several years of restructuring the business and pursuing a clear goal of realizing shareholder value where possible, that objective has been mostly achieved.”
Chief Operating Officer Andrew Lindley will replace McGuire and Group Financial Controller Nicola Rowlands will replace Hearne. “Given the major changes in the company’s business and structure, I believe that now is the right time to hand over the leadership reins to Andrew and Nicola,” McGuire said.
Sportech Chairman Giles Vardey added, “The board is extremely grateful to Richard and Tom for their passionate leadership, their sourcing and executing of numerous corporate transactions and their dedication and commitment in implementing strategic objectives over several years. They leave their roles with the thanks and gratitude of many people in the company and our stakeholders. We are also looking forward to working with Andrew and Nicola, who are very familiar with the business and its markets and welcome them to the board.”
