|St Minver, Europe’s largest online games network operator, yesterday announced the appointment of former Excapsa software president Jim Ryan as its new CEO.|
Ryan, who brings his extensive experience from the AIM listed software developer and licensor of online gaming applications, replaces Gary Shaw, who will continue to head up the company as Executive Chairman.
The decision may have been swayed by Ryan’s key leadership role in effecting Excapsa’s initial public offer on the AIM market of the London Stock Exchange. Within 2 years the company enjoyed an annual revenue run rate of $120 million and a bottom line profit of $32 million.
“As we enter the next phase of growth for the business, I am personally delighted that St Minver has attracted an individual with Jim’s calibre and experience to the organisation. His proven track record and understanding of the online gaming market will help guide the business and ensure that we deliver on the full potential of the company,” said Shaw.