|888 has announced the appointment of Gigi Levy who will join the Board as Chief Operating Officer with effect from June 18, 2006 reporting to the Chief Executive Officer. |
Mr Levy, who holds an MBA from the Kellogg Graduate School of Management, has a strong background in technology and joins from Amdocs Limited where he was President of Western Europe, Central and Latin America Business Unit.
Amdocs is a public company traded on the New York Stock Exchange and provides software and services to the world's largest companies in the communications, broadband cable and satellite industries.
John Anderson, Chief Executive Officer of 888 said, “Our industry will experience rapid changes over the next two to three years and to execute our global growth strategy successfully we need to have the very best management team in place. The appointment of Gigi strengthens our already excellent Board even further.”
In addition, as of June 18, 2006, Shay Ben-Yitzhak, founding shareholder, will step down from his executive role but will remain on the Board as a non-Executive Director.