Former IWG PLC CFO Eric Hageman will be made the new CFO, following the sale of UK-based igaming operator William Hill Group to Caesars Entertainment. The position will include a place on the Williams Caesars Management Board. Eric Hageman will be taking over the position from Matt Ashley, who will be moving on to join Micro Focus PLC. Before joining William Hill, Eric Hageman previously held the position of Group CFO at IWG PLC, a global workplace operator based in Switzerland. He was also involved as a CFO at a number of publicly traded companies, including TeleCity Group PLC in the United Kingdom and Royal KPN NV, the Netherlands’ largest communications group.
What Does This Appointment Mean for William Hill?
The CFO position is one of the most senior positions in a company and one that involves making financial decisions. William Hill was recently bought by Caesars Entertainment, a sign of change at the company which was founded in 1934. William Hill recently expanded into the US market, bringing online sports betting to several new states. The appointment of a new CFO could mean a change of financial strategy for the betting company, and it’s likely that the brand will be launching in new states soon.
When asked about his appointment, the CEO of William Hill, Ulrik Bengtsson, had the following to say:
“We are delighted to welcome Eric to the William Hill team. He brings a wealth of financial and operational experience within digital and technology-driven industries as well as senior management experience. I look forward to working with him as we lead William Hill through the next chapter. I also want to thank Matt Ashley for his substantial contribution to William Hill through the challenging period of the global pandemic.”
Eric Hageman also gave his own thoughts on his new role and commented:
“It is an exciting time to join William Hill, and I look forward to working with the William Hill team and its shareholder, Caesars, on the next chapter.”
William Hill was bought by American gambling company Caesars Entertainment back in April for $4 billion. The move came as Caesars looks to expand into the US sports betting market. William Hill looks set to continue its growth in the US market, which has newly emerged over the past few years. More states are beginning to legalize online sports betting, making this an exciting time for betting operators.
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