Ralph Topping to Retire from William Hill
After more than 44 years working for the gambling giant, Ralph Topping is to retire as the head of William Hill. Topping is regularly credited with the expansion of the firm during his six years as chief executive. However, he will be leaving as the firm comes under increased political scrutiny over the use of fixed-odds betting terminals.
There had been speculation that an internal successor could not be found; however, James Henderson, who has been with the firm for 29 years, will be taking over the post in late July.
At present Henderson is the group operations director and is responsible for a wide range of businesses including the online, Australian and US operations.
Henderson will be receiving a £550,000 salary before bonuses.
In a recent statement Henderson said, “Whilst we face challenges as an industry, there are also plenty of opportunities to keep strengthening William Hill by further diversifying our revenues and continuing to build a responsible, sustainable business.”
Gareth Davis, the firm’s chairman, said that the appointment will not lead to a change in strategy. He said, “Our strategy’s a fairly well-trodden path now. Our international growth is very important to our strategy and, of course, our level of product innovation.”