Bill Floydd to step down as Rank Group CFO

Rank Group is looking for a new Chief Financial Officer

UK.- it’s been a busy week for the UK’s Rank Group, owner of Grosvenor Casinos and Mecca Bingo. After reporting a £93m loss for 2020 due to the impact of the Covid-19 pandemic, it looks set for an £80m windfall VAT refund from HMRC.

In terms of management changes, it named Stride Gaming’s Eitan Boyd to the role of group chief Innovation officer (CIO) to continue the group’s digital expansion.

Now it’s emerged that CFO Bill Floydd is stepping down to take up the same role with Watches of Switzerland Group. He’s expected to leave at the end of the year after what will be three years in the position.

Prior to joining Rank Group in November 2018, Floydd served as CFO at credit agency Experian UK and Ireland for close to five-and-a-half years. He had previously worked for Capita, Logica and PricewaterhouseCoopers. 

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 the team continue to deliver on the group’s transformation programme.”

Rank chief executive John O’Reilly 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.” 

See also: Rank calls for overhaul of land-based casino regulation in Britain