Gill cashes in his chips at Rank
FD of casino operator says that the time is right to move on after three years at the financial helm
Peter Gill is to step down as finance director of Rank later this year.
The company said that Paddy Gallagher will replace him on his departure.
Gill is leaving Rank after almost three years at the company. During his time
there, he shepherded Rank through a £1.2bn restructuring programme which
included the disposals of Deluxe Film, Deluxe Media, US Holidays and Hard Rock,
a major sale and leaseback transaction and the sale of the Rank Pension Plan.
Gill said: ‘I have enjoyed being able to play my part in the transformation
of the Rank group and have had the privilege of working with a highly
professional and talented group of people. With the restructuring now complete
and the group entering a new phase in its development, the time is right to move
on.’
Rank
said: Peter Gill will remain with the Group until 1 June 2008, during which
time he will oversee a transition of responsibilities to his successor, Paddy
Gallagher.
Paddy, who will join the board of Rank as finance director on 2 June 2008, is
currently chief financial officer at Quadriga Worldwide Ltd.’