e has served as a non-executive Director with PartyGaming since May 2005 and since February 2007 has been the Senior Independent Director. During his tenure, he has also served at various times as Chairman of the Audit Committee, Remuneration Committee and Ethics Committee.
As a consequence of this change, PartyGaming's Board of Directors has appointed Lord
Moonie, who joined the Board on 13 December 2007, as the Senior Independent Director and Chairman of the Remuneration Committee. He will chair the Nominations Committee. These changes took effect from Friday.
CEO Jim Ryan said: “I look forward to working closely with Rod as we develop the Group's strategy to both grow our existing revenue streams and also to seek to exploit new opportunities over the coming months and years. Rod's experience and knowledge of the online gaming sector and PartyGaming make him the ideal person to oversee the Board going forward and to provide continuity following a period of a change to the membership of the Board. On behalf of my fellow Directors, I wish to thank Michael Jackson for his service to PartyGaming over the last 3.5 years.”
Rod Perry said: “I am honoured to have been selected by the Board to lead PartyGaming into its next phase of development. Since becoming a public company, we have had to face and overcome a series of major challenges. Looking forward, I am excited about the opportunities that a fresh approach under Jim Ryan as CEO will bring and am confident that under his stewardship, the management team can unlock further value for shareholders.”