Industry news source eGaming Review has reported that Sporting Index Group Chief Executive Warren Murphy is set to resign from his leadership post.
Murphy ends his seven-year tenure as CEO of Sporting Index, in which he negotiated the sale of the company to gambling investor Magnus Hedman in March 2015. Murphy has been with the spread betting operator since 2003, holding numerous senior management positions.
The outgoing CEO had confirmed to eGaming Review that he felt his departure came at a ‘logical time’ for the company with the change of ownership.
Hedman the new owner of Sporting Index, is reported to want change the spread betting firm’s strategy by expanding the firms B2C services and further enhance the group’s B2B product range and data services provider ‘Sporting Solutions’.
Reporting Murphy’s departure, eGaming Review further detailed that Murphy would be kept on as an advisor to Hedman and his executive team as they begin to search for his replacement.