Rank looks for future stability with Bill Floydd appointed as new CFO

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The Rank Group has confirmed the appointment of William ‘Bill’ Floydd as the organisation’s new chief financial official, taking up the post on Wednesday 12 November.

Also set to confirm his place on the company’s board of directors in due course, Floydd joins after an almost five and a half year stint at consumer credit reporting agency Experian, where he occupied a similar role.

During this most previous tenure, Floydd helped deliver strong revenue and EBIT growth in the region while overseeing the business’ FCA authorisation process, whilst almost being involved in numerous M&A projects, including the acquisition of HD Decisions and the investment in London & Country Mortgages.

Floydd has also spent twelve years in a variety of leadership positions, including North American CFO, Group Financial Controller, UK CFO and finally Deputy Group CFO, at Logica plc, prior to its acquisition by CGI Group Inc, and nine months as Finance Director at Capita plc’s IT Services division before being approached to join Experian.

James Pizey, who stepped into the role of Interim CFO post Clive Jennings’ departure, will move to the role of Group Financial Controller.

John O’Reilly, chief executive of The Rank Group Plc, commented: “I am pleased that Bill has agreed to join Rank at this exciting time in the company’s journey. There is much to be done to deliver our transformational programme, and I am 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.

“I would also like to take this opportunity, on behalf of the board, to thank James Pizey for stepping into the CFO role on an interim basis whilst we conducted the search for a permanent CFO.”

Last month The Rank Group were ordered to pay a £500,000 financial penalty by the UK Gambling Commission, after failings allowed a customer to lose in excess of £1m, that had been credited to his account, in one 24-hour period.