Rank appoints new CFO

Rank appoints CFO
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Mecca Bingo and Grosvenor Casino operator the Rank Group has appointed a new chief financial officer in the form of former Experian executive Bill Floydd.

Floydd will step into the shoes of Clive Jennings – who left the company this August after 18 years of service. The language surrounding Jennings’ departure followed the polite “pursuing other opportunities” template, but Rank’s latest annual figures (to June 30) suggest an alternative perspective: detailing a significant 41 per cent decline in profit an incentive for fresh blood at the highest echelons, if ever there was one.

Floydd comes to Rank on the back of seven years as chief of finance for consumer credit reporting agency Experian – and has prior experience as the financial director of Capita PLC’s IT services division.

Floydd represents the second major appointment at Rank this year, as the company battles to turn its fortunes around. Former Ladbrokes executive John O’Reilly took the helm as CEO back in April – with the stark admission that Rank’s recent performance “had not been good enough.”

As to the company’s most recent commission, O’Reilly said that he was “confident that Bill is the right person to assist me and the leadership team in delivering a growing business that is fit for the future.”

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