CEO of Online Gambling Company Steps Down

Published on: June 28, 2007 

After seven years as the Chief Executive Officer of one of the world’s most recognizable online bookmakers, David Harding has announced that he will be stepping down from his position at William Hill. Harding will however, maintain his position until the end of this year, leaving lots of time to find a sufficient replacement.

“Having spent seven years helping to build the company into the UK's leading bookmaker, the time is right to move on and I am looking forward to a new challenge,” stated Harding.

It was thought that Tom Singer, William Hill’s Chief Operating Officer, may a have been a candidate to become Hardings successor when the time came, but last November Singer also decided to step down from his position.
According to one of William Hill’s chairmen, Charles Scott, Harding’s contributions to the company are highly praised and that there are no hard feelings regarding his departure.  The board of directors is going to work closely with him over the next few months in order to make the transition to the next CEO a smooth one.

In June 2002, the floatation of William Hill on the London Stock Exchange was led by Harding. Today, the price of the stock has more than doubled and Harding is said to hold $10.7 million in stock options.  With stock options, salaries and other options, Harding stands to earn nearly $14 million upon his departure form the company. 

And in other William Hill news, the online sportsbook has gone ‘loco’ in the Spanish markets, as they have recently partnered with Codere, an online bingo and betting company with operations throughout South America and Spain.

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