2nd May 2007 12:56
Playtech Limited02 May 2007 2 May 2007 Playtech Ltd ("Playtech" or "the Company") Directorate Change Playtech (AIM: PTEC), the international designer, developer and licensor ofsoftware for the online and land-based gaming industry, announces that it hastoday appointed Mor Weizer as Chief Executive following the creation of a newBoard position of Executive Deputy Chairman. The changes represent a significantstrengthening of the Playtech Board. Avigur Zmora is to transfer from Chief Executive to Deputy Chairman and willassume specific responsibility for strategic business development. Mor is a qualified chartered accountant and has been a senior operationalmanager within Playtech for approximately two years during which time he hasmanaged ongoing customer relations, product delivery and technical support asChief Executive Officer of Techplay Marketing Ltd. He joined the Group in July2005. His responsibilities included overseeing Playtech's licensee relationshipmanagement, product management for new licensees and the Company's marketingactivities. Prior to joining the Playtech Group, Mor worked for Oracle for over four years,initially as a development consultant and then as a product manager, creatingsales and consulting channels in Europe, the Middle East and Africa. Beforethis, he worked in a variety of roles, including as an auditor and financialconsultant for PricewaterhouseCoopers. Playtech Chairman Roger Withers said: "Playtech is committed toinnovation and the development of new products and services to meet clientdemands. New business generation is essential to the Company's development andretention of its position as the leading provider of technology to theinternational gaming industry and technological innovation. It is the Board'sfirm view that there remains great potential for growth in the global gamingmarket and Playtech is well placed to play a fundamental role in developing thisburgeoning sector. In short new business development is paramount to thebusiness and is the lifeblood of the continuing success of the Company. "In this regard, the Company has created this new Executive DeputyChairman position with responsibility for business development across allregulated territories which will be taken up by Avigur who has steered theCompany through its successful IPO and to the position it enjoys today as aworld leading international designer, developer and licensor of software to thegaming industry. "The Board is very grateful to Avigur for his Executive roles over thelast five years. His new role will ensure that the company continues to reapthe rewards of his extensive industry knowledge and entrepreneurial skills. Iam pleased to welcome Mor Weizer. As Playtech's customer base continues to growand increasingly includes large multinational clients it is essential that theChief Executive has a strong experience of managing complex multi-dimensionalclient relationships and Mor is ideally suited to that role. In light of thesignificant advances made in the last year under the direction of Avigur, one ofthe principal roles of the Chief Executive is now on cementing these advanceswhile continuing to develop the business." Mor Weizer, Chief Executive, said: "I am delighted to be appointed ChiefExecutive of Playtech. The Company is growing strongly and having worked insidethe business since 2005, I am now looking forward to my new role in continuingto accelerate the business and return value to shareholders." Avigur Zmora, Executive Deputy Chairman, said: "The last five years havebeen an exceptional experience. I am very proud to have played a role as bothFinance Director and Chief Executive of Playtech during this formative period.I now look forward to fulfilling my new role in new business creation andfurther developing the substantial opportunities that exist in this rapidlyexpanding global marketplace." For the purposes of the AIM Rules, Mr Weizer is currently a director of TechplayMarketing Ltd and has not been a director of any other limited company, publiccompany or registered partnership. - ends - For Further Information: David Rydell / Helen Tarbet Bell Pottinger Corporate & Financial Tel:+44 20 7861 3232 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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