William Hill chief executive steps down after difficult start to 2016

 
William Turvill
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William Hill's share price has fallen from more than 400p in March to 275p (Source: Getty)

William Hill chief executive James Henderson is stepping down, the bookmaker has announced.

The company’s chief financial officer, Philip Bowock, will step up to replace him on an interim basis.

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Henderson has worked for William Hill over 30 years, covering the retail, online and international businesses.

William Hill said the search for a replacement has been instigated.

Chairman Gareth Davis said: “We would like to thank him for his significant contribution and we wish him all the best for the future.

“Philip has a clear set of priorities as Interim CEO, principally the continued turnaround of the Online business. We will confirm a successor in the coming months.”

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It has been a tough couple of months for William Hill.

Its share price closed yesterday on 275p, down from more than 400p in March, when it warned of a £25m fall in online profits in 2016.

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