New FD at Rank Group Plc
The Rank Group Plc has announced that Peter Gill will resign from his position as finance director and as an executive director of the Rank board.
Peter Gill will remain with the Group until 1 June 2008, during which time he will oversee a transition of responsibilities to his successor, Paddy Gallagher. Paddy, who will join the board of Rank as finance director on 2 June 2008, is currently chief financial officer at Quadriga Worldwide Limited.
Peter Gill joined Rank as finance director in July 2005. During his time with the Group, Rank underwent a £1.2bn programme of restructuring, which included the disposals of Deluxe Film, Deluxe Media, US Holidays and Hard Rock, a major sale and leaseback transaction and, most recently, the sale of the Rank Pension Plan.
Peter Johnson, chairman of Rank said: ‘Peter has been instrumental in the successful and
substantial restructuring of the Group over the last three years. He leaves Rank a focused
gaming business, in a strong position to address its challenges and opportunities. On behalf of the board I would like to thank Peter for his hard work and to wish him every success in the future.’
Peter Gill said: ‘I have enjoyed being able to play my part in the transformation of the Rank Group and have had the privilege of working with a highly professional and talented group of people. With the restructuring now complete and the Group entering a new phase in its development, the time is right to move on.’
About Peter Gill
Peter Gill joined Rank as finance director in July 2005. Previously he worked as group finance director at Xansa plc and chief financial officer of Penguin Group, the consumer division of Pearson plc.
About Paddy Gallagher
Paddy Gallagher is currently Chief Financial Officer at Quadriga, the provider of entertainment and internet services to the hotel industry. Prior to joining Quadriga in November 2005, Paddy held a number of senior finance roles in the Dell Corporation, Wang Inc. and Sun Microsystems. Paddy qualified as a Chartered Accountant with PricewaterhouseCoopers.
About The Rank Group Plc
The Rank Group Plc (‘Rank’) is a leading European gaming and betting business, based in
the UK and listed on the London Stock Exchange (RNK.L). Its principal activities are the
operation of bingo clubs and casinos with complementary interactive gaming and bookmaking services. In 2008 Rank operates businesses in the following markets:
Bingo clubs
* Mecca Bingo (Great Britain)
* Top Rank Espana (Spain)
Casinos
* Grosvenor Casinos (Great Britain and Belgium)
Interactive gaming and betting
* Blue Square (Europe)