|Youbet.com, the Internet provider of thoroughbred, quarter horse and harness horse racing content in the US, has announced two executive appointments involving key operating and financial functions of the company. |
Under the new management strucuture, Gary W. Sproule has been named chief operating officer (COO) of the company and will assume responsibility for managing the company's worldwide operations. Sproule, who joined Youbet as chief financial officer (CFO) two years ago, when Charles Champion, the current CEO became President and COO.
‘The moves are part of a management development plan designed to ensure Youbet's operating momentum and improve its focus on future growth opportunities as it emerges from a successful two-year restructuring program,’ said CEO Charles F. Champion.
Sproule is credited to have been instrumental in devising and implementing the financial strategies and controls that have helped Youbet's turnaround. He also s those successfully took charge of a variety of operating functions, evolving to the COO position he assumes effective immediately. Prior to working for Youbet.com, Sproule’s career includes service as CFO at Disney Interactive and COO of Unocal product marketing.
Charles R. Bearchell, a former Lockheed Martin veteran who joined Youbet.com, less than year ago, will replace Sproule’s position of CFO. Starting as Controller and VP Finance under Sproule to focus on internal financial reporting, legal compliance and public disclosure, Bearchell was involved in improving the company's balance sheet and financial reporting.
‘These executives have contributed immeasurably to the success of our organization. As we enter a new, growth-oriented phase of our company's history, we are fortunate to have executives of their caliber available to assign to some of our most critical growth initiatives,’ adds Champion.