bwin.party digital entertainment has confirmed that Lord Moonie has stepped down from the board with immediate effect, as part of the company’s efforts to maintain compliance with the UK Corporate Governance Code.
Lord Moonie has resigned from his role as non-executive director, having joined the board of PartyGaming in December 2007 and remaining a director after the merger with bwin Interactive Entertainment in March 2011.
Before being made a Life Peer, he was the UK Member of Parliament for Kirkcaldy between 1987 and 2005. He held the position of Under Secretary for State at the Ministry of Defence between January 2000 and June 2003.
bwin.party chairman Simon Duffy said: “Lewis has made a significant contribution to both the development of PartyGaming and bwin.party. We thank him for his tireless efforts over the last six years and wish him well for the future.”
Duffy confirmed that the change conformed to the company’s previously stated aim to reduce the size of the board, whilst maintaining compliance with the UK Corporate Governance Code's recommendation on the balance of independent and non-independent directors.
Last month non-executive directors Tim Bristow and Geoff Baldwin also resigned from the company’s board.
Following the resignations, bwib.party’s board now comprises nine directors. Excluding the Chairman, four directors are deemed to be independent and four directors are deemed to be non-independent.
bwin.party's Board of Directors:
Non-Executive Chairman: Simon Duffy
Group CEO: Norbert Teufelberger
CFO: Martin Weigold
Independent Non-Executive Director: Per Afrell
Non-Executive Director: Manfred Bodner
Independent Non-Executive Director: Helmut Kern
Deputy Chairman and Senior Independent Director: Rod Perry
Non-Executive Director: Georg Riedl
Independent Non-Executive Director: Sylvia Coleman