SBC News Rank reorganises digital leadership to lead unit turnaround

Rank reorganises digital leadership to lead unit turnaround

Rank Group Plc has confirmed the promotion of Eitan Boyd to the leadership position of Group Chief Innovation Officer (CIO).

Boyd is the former Chief Executive of Stride Gaming, the multi-brand igaming operator acquired by Rank in 2019 for £120 million.

The promotion was disclosed by Rank governance updating investors on the LSE group’s digital progress, in which Rank stated that it had completed the ‘first phase of the development of its technology platform acquired through the acquisition of Stride Gaming’.

In his new role, Boyd will focus on developing new growth initiatives for the group – including international opportunities – and to advance the group’s use of proprietary technologies and systems.

Posting its 2020/2021 financial results, Rank reported on a challenging year for its online business, which saw it register a 6% decline in net revenues to £136 million.

Online performance was dragged by the stringent application of UK compliance checks and its flagship Mecca and Grosvenor brands being impacted by a disrupted omni-channel performance.

Further reorganisations saw Rank confirm the promotion of Jon Martin to the position of Managing Director of Rank’s UK digital portfolio.

The group’s former Digital Finance and Strategy Director, Martin had been overseeing the Rank International development, a duty which will now be handled by Group CEO John O’Reilly.

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