Sportech confirms latest executive exit as CFO Rowlands steps down

Rowlands will exit the business to become deputy CFO of digital marketing services group Dept.

Sportech said its board will consider its appropriate composition going forward and will seek to appoint a replacement, with Rowlands to remain with the business until after the release of its interim results in September.

Rowlands joined Sportech in November 2010 as group financial controller, serving in the role for just under 11 years before becoming CFO in September last year.

Prior to this, Rowlands was the group financial controller at Parkwood Holdings, as well as finance director at Glendale Countryside and group finance manager at Parkwood Holdings.

In addition, Rowlands had a spell as an executive at PricewaterhouseCoopers.

“I have been with Sportech for nearly 12 years and have thoroughly enjoyed my time at the company and am proud of what has been achieved by its management and employees,” Rowlands said. “However, I believe it is time to move to the next stage of my career with Dept. 

“I am confident that Sportech will continue to deliver value for shareholders and customers alike and I wish the board and the team all the very best for the future.”

Sportech’s executive chairman Richard McGuire added: “We are grateful to Nicola for her dedication, professionalism and support to the group, specifically during the recent years when she played a pivotal role in the transactions and restructuring the business, resulting in the elimination of debt and returning significant capital to shareholders. 

“She will leave here with our best wishes for her future career.”

Rowlands is the latest departure from Sportech in recent months. In May chief executive Andrew Lindley announced he would step down from his post and Ben Warn stepped down as a non-executive director. Meanwhile Giles Vardey left his role as independent non-executive chairman in April.