The Rank Group has announced that Bill Floydd, the Group’s Chief Financial Officer, has tendered his resignation in order to take up the role of Chief Financial Officer at Watches of Switzerland Group PLC.

The Board will shortly begin a search for Bill’s successor and it is anticipated that Bill will leave the Group at the end of 2021.John O’Reilly, Chief Executive of Rank, commented:”Bill has been an excellent CFO since joining Rank shortly after I joined in 2018 and I will be sad to see him go.He has helped secure the Group’s liquidity and future through the pandemic and will leave Rank in excellent financial shape. I wish Bill all the very best with his next venture and look forward to securing his replacement over the coming months.”

Bill Floydd said:”I have thoroughly enjoyed my time at Rank and feel that now is the right point at which to pursue my next opportunity. Whilst the last 18 months have been an extraordinary period for everyone, I am confident that Rank will go from strength to strength now that it is back open for business and John and the team continue to deliver on the Group’s transformation programme.”