Sportech’s Board of Directors has added a new member, bringing the total number of directors to four following the departures of Ben Warn and CEO Andrew Lindley in May.
Next month, Paul Humphreys will join the board as an independent non-executive director (NED), joining Executive Chairman Richard McGuire, CFO Nicola Rowlands, and fellow NED Clive Whiley.
The 63-year-old businessman will bring several decades of experience to his new position, including three decades on the main board.
Humphreys has worked for a variety of organizations in a variety of industries, most notably in senior finance positions.
He was Care UK’s Group Finance Director from 2002 to 2014 before becoming JLA Group’s CFO, a position he held until 2019. Humphreys currently serves on the board of directors of Lapp Associates.
“Paul brings over 30 years of main board experience as well as a successful track record focused on shareholder value creation,” McGuire said.
“As a result, we are delighted with this appointment, which further strengthens the board’s financial expertise and independence.”
This follows the decision by Warn and Lindley not to run for re-election at the annual general meeting (AGM) in May, which was preceded by the departure of Non-Executive Chairman Giles Vardey in April.
Humphreys will, however, slightly increase Sportech’s board membership, though the company will also lose CFO Nicola Rowlands next month. The company announced in July that she would resign effective September 30.
Sportech stated at the time that it was looking for a replacement “in due course,” but has yet to publicly announce one.
Given Humphreys’ financial background, Sportech’s latest hire could be an attempt to compensate for the loss of Rowlands as CFO.
Humphreys will “further strengthen the board, bringing significant experience that is highly relevant to the group’s strategy,” according to the company.