William Hill has looked internally for its new CEO to replace Ralph Topping, who is stepping down after 44 years with the British bookmaker.
James Henderson, who is currently operations director for William Hill, has been named to succeed Topping as CEO. Henderson has 29 years with William Hill.
Topping is scheduled to step down at the end of July. Henderson will be receiving a £550,000 salary before bonuses.
William Hill, which turns 80 this year, is the U.K.’s biggest bookmaker with 2,400 betting shops and an industry-leading online operation.
Topping spent six years as CEO and oversaw an expansion of the firm, but leaves during a controversy over William Hill’s use of fixed-odds betting terminals.
At a recent press conference, Henderson said he will focus on the firm’s plan for future and sustaining growth while looking for new opportunities for the firm.