UK bookmaker William Hill has hired Cineworld Group executive Philip Bowcock as its new chief financial officer, replacing Neil Cooper in the role.

Bowcock joins as CFO on November 1st, with Cooper set to leave the operator five days later, having announced his departure in June this year.

Bowcock has most recently worked in the entertainment sector, spending the past four years as CFO of cinema chain Cineworld. He previously served as finance director of nightclub operator Luminar Group Holdings, at a time when the business was struggling financially, leaving less than a year after joining in 2010 when it was put into administration.

He has also held senior financial roles at property developer Barratt Developments, Tesco and the Hilton Group. In his new role Bowcock will receive a basic annual salary of £420,000 and is eligible for an annual bonus of up to 150 per cent of this salary. His contract requires 12 months’ notice of termination by him and 12 months’ notice by the company.

His predecessor, Neil Cooper, is to step down on November 6th in order to join property developer Barratt Homes.

“We are delighted to welcome Philip, whose extensive experience will be valuable as we continue to diversify and grow the business,” William Hill chief executive James Henderson said. “Philip has played a lead role in strategic and financial changes at his previous companies and will bring both a strong strategic insight and rigorous financial acumen.”

Bowcock commented: “This is an exciting time to be joining William Hill with its strong digital and international strategies. I'm looking forward to working with James and the team, and contributing to William Hill's continued success.”

Shares in William Hill plc (Co.Data) (LSE:WMH) are currently trading down 2.26 per cent at 358.10 pence per share in London this morning.

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