Ladbrokes promotes IT director to board

Betting company Ladbrokes has appointed its IT director Mark Grimes to its board after the resignation of digital executive Richard Ames.

Ames, who was head of product responsible for IT and trading at Ladbrokes, resigned as a director of the company yesterday (1 August), following a profit warning in its digital business. The company’s digital profit for the first half of the year was £15 million – half of the level reported the same period last year, caused by delays in some of its IT projects.

“Director of IT Mark Grimes will join the executive committee to ensure technology delivery is given increased profile and scrutiny,” Ladbrokes said today in its results for the half-year to 30 June 2012.

The company has made some other changes to its management team as well, in order to increase the focus on its digital business.

Nick Rust, head of channel at Ladbrokes, will take responsibility for the profit and loss performance of the company’s UK and Ireland retail and digital businesses.

Damian Cope, who recently joined from Gala Coral, where he was e-commerce operations director, will be responsible for the profit and loss of Ladbrokes’ international businesses.

Meanwhile, Ames will be on garden leave until his termination date of 30 November 2012. He will receive a pay-off of up to £506,585, and will still be eligible for a discretionary bonus for the 2012 financial year, on a prorata basis.

Copyright © 2012 IDG Communications, Inc.

Shop Tech Products at Amazon