London-listed gaming provider Playtech confirmed Tuesday that former Sportech CEO Ian Penrose will join the company’s board of directors at the start of next month.
Penrose has been appointed as a non-executive director, effective September 1st, and will serve as a member of the company’s Audit, Risk & Compliance, Remuneration and Nominations committees.
He brings over 20 years of experience in the gaming, technology and leisure sectors, including 12 years as chief executive of London-listed Sportech, where he led the strategic repositioning of the UK-focused business into a gaming and technology business primarily focused on North America.
Playtech said that Penrose’s strategic and operational knowledge of international regulated gaming markets, particularly the United States, will add valuable experience to the board.
"It is with great pleasure that we welcome Ian Penrose to the Playtech board,” said Playtech chairman Alan Jackson. “Ian led the business turnaround and international repositioning at Sportech plc and will bring knowledge of the US gambling market in particular, having led strategic initiatives in the region over the last eight years, and has been personally licensed in several states.
“His deep sector experience makes him a valuable addition and we look forward to working with Ian, who will bring a fresh and insightful perspective to board discussions."
Penrose is currently non-executive chairman of the National Football Museum, and a strategic and operational adviser to Alizeti Capital on the acquisition of the UK Tote.
Shares in Playtech plc (LSE:PTEC) were trading up 0.19 per cent at 520.20 pence per share in London Tuesday morning.