bwin.party Co-CEO Jim Ryan Steps Down

bwin.party has announced its co-chief executive officer, Jim Ryan, will retire from the company on January 15.

Ryan, who joined Party Gaming plc as CEO in June 2008 from St. Minver, oversaw Party’s merger with bwin Interactive Entertainment in March 2011 and became co-CEO with Norbert Teufelberger.

Teufelberger, who was interviewed by Belgian authorities last month about his comapnies activities in the country, will now take over the reigns at the company.

Non-executive chairman, Simon Duffy, said,
 
“As the merger integration approaches its final stages, and having secured a series of strategic partnerships including MGM, Boyd Gaming, United Auburn and Zynga, Jim now wants to return to Canada with his family. 



“The transition to regulated markets is continuing and we are entering a period of intense product and technology innovation that will now be led by Norbert Teufelberger, whose experience, as one of the pioneers in online gaming, is probably unrivalled. 
 


“Together with Norbert, Jim has been a driving force behind the merger. His expertise and passion for the Group’s gaming products have been instrumental in ensuring that the merger integration has proceeded as planned, putting the Group in an excellent position to remain at the forefront of the global online gaming market.



Norbert Teufelberger, co-CEO, added, “Jim has been an excellent business partner over the past two and a half years. His experience, drive and vision have proven to be a huge asset for our company and I have had the pleasure of working with him side-by-side, both as a colleague and a good friend. We wish him every success in whatever he decides to do next.”



While Ryan himself concluded, 

“Being Co-CEO of bwin.party has been my dream job. As we approach the final stages of our merger integration I am immensely proud of what we have achieved and know that with Norbert at the helm, the business is in excellent hands and is particularly well-placed for the future.”

The Board thanked Ryan for his contribution to the business and wished him every success for the future.

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