William Hill CFO steps down, despite trading update exceeding market expectations

William Hill CFO Ruth Prior has resigned to join Elemental Materials Technology in the same role.

WilliamHill2

Prior however, has a 12-month notice period and her departure date will be determined "in due course."

Joining the company in October 2017, Prior drew gratitude for the professionalism she had shown since Ulrik Bengtsson's appointment as William Hill CEO.

Prior said: "I have enjoyed my time at William Hill and believe the company is in a strong position to take advantage of many opportunities ahead and deliver improved business and financial performance. I wish the business every success in the future”.

Meanwhile, the organisation provided a positive trading update roughly a month ahead of its scheduled full-year results release.

William Hill’s full-year adjusted operating profit for 2019 is expected to be in the range of £143m ($185.4m) to £148m.

This is ahead of "market and management expectations" and was driven "by favourable sporting results."

However, this total would still only be just over half the adjusted operated profit generated for 2018.

Bengtsson said: "The group has delivered a strong operating performance, ahead of our expectations and against a challenging regulatory backdrop.

"We made good progress on a number of fronts, including our retail business, online and in the US, enabling us to deliver on our long-term strategic ambitions."

William Hill's share price rose from £1.84 to £1.94 during the morning of its trading update; it has since lowered to around £1.86.

Premium+ Connections
Premium

1xBet Partners

 
Premium

Lynon

 
Premium

Sport Generate

 
Premium

Galaxsys

 
Premium

Imagine Live

 
Premium

Digitain

 
 
 
Premium

RISK

 
Premium Connections
Consultancy

SCCG Management

Executive Profiles
Scientific Games

Keshav Pitani

Esportes Gaming Brasil

Ana Carolina Luna Maçães

LeoVegas

Mattias Wedar

Kalshi

Sara Slane

Follow Us

Taking stock: Counting on crypto

Gambling Insider tracks the value of the biggest cryptocurre...

In focus: MiFinity

A trusted payments partner for the iGaming industry....

Panel: LatAm and crypto lead the way

During the SBC Summit Americas in Florida, executives from N...

In focus: Spayz.io

Payments that actually work for iGaming operators…...

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...