Playtech Limited
02 May 2007
2 May 2007
Playtech Ltd ('Playtech' or 'the Company')
Directorate Change
Playtech (AIM: PTEC), the international designer, developer and licensor of
software for the online and land-based gaming industry, announces that it has
today appointed Mor Weizer as Chief Executive following the creation of a new
Board position of Executive Deputy Chairman. The changes represent a significant
strengthening of the Playtech Board.
Avigur Zmora is to transfer from Chief Executive to Deputy Chairman and will
assume specific responsibility for strategic business development.
Mor is a qualified chartered accountant and has been a senior operational
manager within Playtech for approximately two years during which time he has
managed ongoing customer relations, product delivery and technical support as
Chief Executive Officer of Techplay Marketing Ltd. He joined the Group in July
2005. His responsibilities included overseeing Playtech's licensee relationship
management, product management for new licensees and the Company's marketing
activities.
Prior to joining the Playtech Group, Mor worked for Oracle for over four years,
initially as a development consultant and then as a product manager, creating
sales and consulting channels in Europe, the Middle East and Africa. Before
this, he worked in a variety of roles, including as an auditor and financial
consultant for PricewaterhouseCoopers.
Playtech Chairman Roger Withers said: 'Playtech is committed to
innovation and the development of new products and services to meet client
demands. New business generation is essential to the Company's development and
retention of its position as the leading provider of technology to the
international gaming industry and technological innovation. It is the Board's
firm view that there remains great potential for growth in the global gaming
market and Playtech is well placed to play a fundamental role in developing this
burgeoning sector. In short new business development is paramount to the
business and is the lifeblood of the continuing success of the Company.
'In this regard, the Company has created this new Executive Deputy
Chairman position with responsibility for business development across all
regulated territories which will be taken up by Avigur who has steered the
Company through its successful IPO and to the position it enjoys today as a
world leading international designer, developer and licensor of software to the
gaming industry.
'The Board is very grateful to Avigur for his Executive roles over the
last five years. His new role will ensure that the company continues to reap
the rewards of his extensive industry knowledge and entrepreneurial skills. I
am pleased to welcome Mor Weizer. As Playtech's customer base continues to grow
and increasingly includes large multinational clients it is essential that the
Chief Executive has a strong experience of managing complex multi-dimensional
client relationships and Mor is ideally suited to that role. In light of the
significant advances made in the last year under the direction of Avigur, one of
the principal roles of the Chief Executive is now on cementing these advances
while continuing to develop the business.'
Mor Weizer, Chief Executive, said: 'I am delighted to be appointed Chief
Executive of Playtech. The Company is growing strongly and having worked inside
the business since 2005, I am now looking forward to my new role in continuing
to accelerate the business and return value to shareholders.'
Avigur Zmora, Executive Deputy Chairman, said: 'The last five years have
been an exceptional experience. I am very proud to have played a role as both
Finance Director and Chief Executive of Playtech during this formative period.
I now look forward to fulfilling my new role in new business creation and
further developing the substantial opportunities that exist in this rapidly
expanding global marketplace.'
For the purposes of the AIM Rules, Mr Weizer is currently a director of Techplay
Marketing Ltd and has not been a director of any other limited company, public
company or registered partnership.
- ends -
For Further Information:
David Rydell / Helen Tarbet
Bell Pottinger Corporate & Financial Tel:+44 20 7861 3232
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.