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| New CEO for Cryptologic |
18/12/2000 Internet Gambling Software Provider appoints new CEO for growth stage Canadian-based CryptoLogic, a leading Internet gambling software provider, recently announced the appointment of a new chief executive. Jean Noelting will replace co-founders Andrew and Mark Rivkin as the company's new president and CEO on January 8, 2000. "We have now reached a pivotal point in our growth and it is important that we look ahead to ensure the company's long term success," says Andrew Rivkin. "New leadership to take the company to the next stage is a natural progression for CryptoLogic." Rivkin and his brother will continue to be involved in the company as shareholders and directors. Noelting will leave his current position as president and chief operating officer of Canadian distributor Westburne Inc., a Montreal-based company that makes electric, plumbing and heating materials and was taken over earlier this year by French distributor Rexel and renamed Rexel Canada. During his career, Noelting has also sat on the board of directors at Videotron Group Inc., Videotron Communications, and Look Communications. The move is part of the company's plan to grab a larger market share of the world's Internet gaming business. Rivkin says that CryptoLogic's next steps could involve the purchase of another Internet gaming company. |
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