Sportech in search of new FD

LISTED BETTING GROUP Sportech has begun a search for a new finance director after it announced Steve Cunliffe will be stepping down from his role to pursue other business interests.

Cunliffe will remain with the listed football and horse racing pools operator until the announcement of preliminary results on 6 March, or the date upon which a successor is appointed.

Ian Penrose, chief executive, said, “I would like to thank Steve for his contribution to the group since 2006. He leaves Sportech in a stronger financial position than when he joined.”

Odgers Berndtson, the executive search consultants, has been appointed to recruit a replacement finance director.

Sportech shares rose 0.5p in morning trading on the London Stock Exchange, to 64.5p.

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