William Hill Bookmakers
William Hill boss Ralph Topping retires after 44 years at gambling firm – The Guardian
William Hill boss Ralph Topping retires after 44 years at gambling firmThe GuardianMore than 44 years after starting out as a Saturday boy in a Glasgow bookies, Ralph Topping is retiring as boss of William Hill, the UK's largest betting firm, and handing the reins to a long-time colleague. The FTSE 100 company ended speculation that it intended to bring in a replacement from outside by promoting James Henderson. He will take over in late July.
Topping, who will get a £650,000 salary for his 12-month notice period and possibly an annual bonus, is credited with the expansion of the bookmaker during his six years as chief executive. But he leaves as the group faces political scrutiny of its fixed-odds betting terminals (FOBTs).
The appointment of headhunters this year led to speculation that an internal successor could not be found. But the firm's chairman, Gareth Davis, said Henderson had “come very much to the top of the pile” of internal candidates.
Henderson began his career at a betting shop in Shepherd's Bush, west London and has been with William Hill for 29 years.
He is group operations director with responsibility for a wide range of businesses, including the online and the Australian and US operations. He will be paid to relocate from Yorkshire to London and will receive a £550,000 salary before bonuses. “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,” he said.
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