Sportech boss Andrew Gaughan resigns

Business News

Sportech the international betting technology business, announces that Andrew Gaughan, the Group’s CEO, has informed the Board of his intention to step down as a Director.  He will leave the Group on 28 February 2019, after an orderly handover period, to pursue other interests.

Richard McGuire, Non-Executive Chairman, will become Interim Executive Chairman with immediate effect.  Richard has been with the Group since 2016 and is well known amongst Sportech staff and its stakeholders.  Richard will relocate to the Group’s US base in Connecticut, a key state in the newly liberalised US sports betting market.

The Group will commence a process for the identification and appointment of a new CEO.  It is also progressing the appointment of an independent Non-Executive Director.  Further updates will be made in due course.

Richard McGuire, said: “The Board thanks Andrew for his significant contribution to the Group, and for leading Sportech as CEO over the past year.  I will be working closely with Andrew in the coming months, and as of the end of February we wish him well for the future.”

Andrew Gaughan commented: “I have enjoyed my time at Sportech over the past eight years, and I leave the Group in a position of strength with an established core global betting technology business and well placed to take advantage of the opportunities that the US sports betting market presents.  I wish Sportech every success in the future.”

The Group confirms that trading in the current year remains in line with the trading update announced on 7 November 2018.