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Rank Group appoints former Experian executive Bill Floydd as CFO

Bill Floydd replaces Clive Jennings, who stepped down in August after seven years in the role

Rank Group
Rank Group has seen big changes at the top with CEO Henry Birch leaving in March

Grosvenor casinos and Mecca bingo halls owner The Rank Group PLC (LON:RNK) has appointed former Experian PLC (LON:EXPN) executive William "Bill" Floydd as its chief financial officer.

Floydd, who was CFO at Experian’s UK and Ireland division for five years until April, will join the company on November 12. He replaces Clive Jennings, who stepped down in August after seven years in the role. James Pizey, who was acting as interim CFO, will move to the role of group financial controller after Floydd takes over the reins. Before joining Experian, Floydd spent nine months as finance director at Capita PLC’s (LON:CPI) IT services division.

READ: Rank Group sees second-half slowdown in UK digital growth

The company has seen big changes at the top recently with chief executive Henry Birch leaving in March and being replaced by betting industry veteran John O'Reilly. O’Reilly previously led and grew Ladbrokes' digital operations and was an executive director on the Ladbrokes board until August 2010.

The new management team will push ahead with the company's turnaround plan as tighter regulation and a decline in customers drags on its performance. In the year to June 30, profits fell 41% to  £46.7mln and like-for-like revenue dropped 2.3% to £738mln. 

In morning trading, shares rose 1.2% to 162p. 

Quick facts: Rank Group

Price: 228.5 GBX

LSE:RNK
Market: LSE
Market Cap: £892.71 m
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