888 Holdings appoints former William Hill executive

888 has revealed that Mark Summerfield, former finance chief executive at William Hill, has been appointed to the board of the company.

UK.- 888 Holdings PLC has a new non-executive director who will chair the firm’s audit committee. The gambling firm hired Mark Summerfield, a former finance chief a William Hill, to chair the board.

Between July 2016 and December 2017, Summerfield was interim finance chief at William Hill PLC, and he helped set the group’s strategic direction and assisting with its transformation and technology programmes, the company said. Summerfield also spent 29 years at accounting firm KPMG.

Chair Brian Mattingley said: “With his extensive experience working with boards and audit committees of major listed companies, Mark brings a wealth of experience to 888. This will be of considerable benefit as the company continues to grow and pursue its strategic objectives.”

Moreover, 888 explained when announcing the news that Summerfield will be a valuable addition to the board and audit committee. “I’m happy that he has agreed to join us,” added Mattingley.

888 experiences revenue jump

For the period from January 1 to May 18, the company recorded 6% growth in constant currency adjusted like-for-like revenue. It also posted a 2% rise in reported revenue. New customer acquisition was up by 20% year-on-year. Furthermore, 888 said strong momentum continued across several regulated markets. Sport and Casino businesses drove these results, partly offset by bingo and poker.

The company said the continuation of strong trading momentum, marketing investments, and the release of its Orbit casino platform has led to a rise in like-for-like revenue and new customers growth.