London-listed bingo and casino operator Rank Group has appointed experienced business consultant John Ott as its new chairman.
Ott will begin his new role on 17 November and takes over from Alex Thursby, who stepped down last month after six years in the role.
Ott brings with more than 40 years of global experience to Rank’s board of directors, having served at the likes of McKinsey & Company, Barclays Bank and Bain & Company, where he is currently a senior advisory partner.
Karen Whitworth, who has been serving as interim chair, will resume her role as senior independent director and chair of the company’s audit committee.
“During a rigorous and wide-ranging selection process, John emerged as the stand-out candidate to become Rank’s chair,” said Whitworth.
“His wealth of experience in highly regulated industries, and advising and working with boards across the globe, will provide the group with the expertise and leadership that it requires as we embark on the next phase of our strategic journey.”
Shares in Rank Group plc (LSE:RNK) were trading 0.71 per cent higher at 113.80 pence per share in London Tuesday morning.