New leadership is on the horizon for Rank Group as Thursby resists, planning to step down from the chair position.
In a significant development, Alex Thursby is set to step down as Chairman of the Rank Group on 15 October, following nearly six years of committed and talented leadership.
Thursby's departure comes at a crucial time for the company, as it navigates the implementation of legislative reforms for casinos and the scaling of its digital business. In a statement, Thursby expressed that now is the right time to step down, acknowledging the importance of these changes for the future of the company.
Karen Whitworth, the current interim chair of Rank Group, has expressed her appreciation for Thursby's significant contribution to the company. She praised his unwavering support and dedication to Rank Group and its stakeholders, and highlighted the crucial role he played in the company's recent successes and positive outlook.
Whitworth will serve as interim chair of Rank Group following the Annual General Meeting (AGM) next month. In the meantime, Keith Laslop has been named interim chair of the audit committee, and Lucinda Charles-Jones will serve as interim senior independent director.
The operator expects to make an appointment for Thursby's replacement within the next few months. Whitworth looks forward to announcing a permanent successor to Thursby soon thereafter. The search for Thursby's replacement is at an advanced stage, but no further information about the permanent chairman has been mentioned in the provided search results.
John O'Reilly, CEO of Rank Group, also expressed his gratitude towards Thursby for his committed and talented leadership. He acknowledged the important role Thursby played in shaping the company's future and wished him all the best in his future endeavours.
Shares in Rank Group plc (LSE:RNK) were trading 1.04% lower at 132.80 pence per share in London Thursday morning, reflecting the market's reaction to the news of Thursby's departure.
Thursby enjoyed his role as chairman of Rank Group and leaves the company in a strong position for the future. He expressed his confidence in the company's continued success and wished the team all the best for the future.
As Rank Group moves forward, it will undoubtedly look back on Thursby's tenure as a period of significant growth and achievement. His leadership and guidance have been instrumental in shaping the company's current success and positive outlook. The search for a new chairman will be a crucial step in ensuring the company's continued success in the years to come.
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