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Gavagan To Chair CryptoLogic

CryptoLogic announced that David Gavagan will serve as the company’s new independent, non-executive chairman following the annual shareholders’ meeting June 3.
   

Gavagan joined CryptoLogic’s board as an independent non-executive director in June 2008. He succeeds Robert Stikeman, who steps down as chairman but continues as a non-executive director.
   

“I am honored to succeed Robert Stikeman, who helped pioneer the internet gaming industry and provided strong leadership as CryptoLogic’s chairman for the past six years,” Gavagan said. “As CryptoLogic enters a new stage of its development, today’s announcement reflects our continued commitment to the highest standards of corporate governance and to long-term value for our
shareholders.”
   

CryptoLogic also announced plans to appoint James Wallace as an independent, non-executive director at the annual meeting. Wallace’s appointment, contingent on shareholder approval, will increase the total number of independent directors to four.

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