Published
OnlineLand-BasedCasinoFinancialIndustry

Rank Group CFO Bill Floydd joins Watches of Switzerland for reported £380,000 salary

Rank Group CFO Bill Floydd has resigned as the operator's CFO, with a view to leaving the company at the end of 2021 and becoming CFO at Watches of Switzerland.

SandsOfTime

According to Proactive Investors, Floydd will be replacing Anders Romberg at Watchers of Switzerland, collecting a £380,000 (c. $521,000) annual salary.

It was recently reported that Rank Group could be in line for an £80m tax refund over VAT paid on machine income.

However, that does not hide the reality of its recent financial results, which it is safe to assume were at least a factor in Floydd's planned departure.

In its FY2020-2021 results, Rank reported significant declines, with net gaming revenue falling 50% year-on-year to £288.2m, and even its digital revenue falling 6% at a time when online gaming simply boomed.

John O'Reilly, Rank Group CEO, said: "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."

Floydd himself added: "I have thoroughly enjoyed my time at Rank and feel now is the right point at which to pursue my next opportunity.

"While the last 18 months have been an extraordinary period for everyone, I am confident 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."

Premium+ Connections
Premium
 
 
Premium
 
Premium
 
Premium
 
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium Connections
Consultancy
Executive Profiles
Isle of Man Gambling Supervision Commission
Gaming Inspection and Coordination Bureau (DICJ)
Bragg Gaming
Crown Melbourne
Resorts World Las Vegas
Follow Us

A welcome from your host

A message from the Founder of the Global Gaming Awards and G...

From the Lead Partner

A message from BetConstruct - Lead Partner of the Global Gam...

The year in review

The Event Manager of the Global Gaming Awards reviews the mo...

Casino Operator of the Year 2025

We present to you the 2025 Shortlist for the Casino Operator...

Facing facts: FY revenue figures reflect a turbulent '24

Who soared high and who fell behind in 2024? Gambling Inside...

Taking stock: Moving through to Q2

Gambling Insider tracks online casino operator and supplier...

Preview: This year's Global Gaming Awards Asia-Pacific and Americas

It’s that time of year once again, as the Global Gaming Aw...

Costa Rica: Effective regulation is the industry's path forward

Gambling Insider Senior Staff Writer Beth Turner spoke with...