Sportech's long-serving chief executive Ian Penrose and chief financial officer Mickey Khalifa have resigned from the company.

Penrose will remain with the business until December 31st to ensure an orderly transition, while Khalifa will continue as CFO until October 31st, although his resignation from the board of Sportech is immediate.

Penrose and Khalifa have been credited with reviving the fortunes of Sportech, which was struggling when Penrose was named CEO in 2005. Khalifa joined the company as corporate development director in 2008, before moving up to the CFO role last year.

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