William Hill is set to promote Philip Bowcock to become the UK bookmaker’s new chief executive on a permanent basis, according to the Financial Times newspaper.
Hills could announce the appointment as early as tomorrow (Friday), when the company is due to release its full-year financial figures for 2016.
Bowcock, the company’s chief financial officer, assumed the role of CEO on an interim basis following the resignation of James Henderson last July.
Bowcock served as chief financial officer at Cineworld before joining William Hill in 2015. Several possible candidates have turned down the role over the past nine months, the report added.
Last week, Parvus Asset Management, the London-based hedge fund that is currently the largest shareholder in William Hill, urged the bookmaker to consider pursuing a merger with another leading gambling operator to ensure a positive future for the firm.
Related article: William Hill majority shareholder urges merger – report