bwin.party Digital Entertainment Plc today announced to the London Stock Exchange that Jim Ryan, the group's Co-CEO, is to retire from his role on Jan. 15, 2013.
In the press release, Ryan said, "Being Co-CEO of bwin.party has been my dream job. As we approach the final stages of our merger integration I am immensely proud of what we have achieved and know that with Norbert at the helm, the business is in excellent hands and is particularly well-placed for the future. Having given over 11 years of my life to the online gaming industry, I am now looking forward to returning to Canada and enjoying more time with my family."
When Ryan does retire at the start of the new year, his current Co-CEO Norbert Teufelberger will assume the new role of Group CEO. Teufelberger was full of praise for Ryan, calling him "an excellent business partner" and saying Ryan was a "good friend" to him.
Ryan initially joined PartyGaming Plc in June 2008 as the company's CEO and following the merger with bwin Interactive Entertainment AG in March 2011, he became the Co-CEO of the new, enlarged group. After helping secure a series of strategic partnerships includling MGM, Boyd Gaming and Zynga, Ryan has decided to return to his native Canada and spend more time with his family.