Cryptologic appoint new Chief Financial Officer

Spiers brings 20 years of management experience to the post

Online gambling software provider Cryptologic has announced the appointment of Huw Spiers (46) as Chief Financial Officer. Spiers replaces present incumbent Stephen Taylor, who returns to Canada after five years in Ireland.

Spiers, who will take up his responsibilities mid-August, is a Fellow of the Institute of Chartered Accountants in England and Wales, and brings more than 20 years' leadership experience, primarily in the software sector, covering both private and publicly-listed companies in the US and Europe.

Before joining CryptoLogic, he was CFO at dotMobi, a leading domain registry and mobile technology company based in Dublin, where he spearheaded the commercialisation of its technology, restructuring it to profitability and preparing it for sale.

Prior to dotMobi, Spiers spent nine years as CFO of PolarLake, a provider of data distribution and integration solutions primarily for financial services and government markets.

In addition, his previous experience includes five years as director and CFO of London & Overseas Freighters, a tanker shipping group headquartered in Bermuda and listed on NASDAQ and London Stock Exchange until its takeover in 1997. Earlier, he was Senior Manager with KPMG Peat Marwick.

Brian Hadfield, CEO of Cryptologic, said: "First, I would like to thank Stephen for his commitment and dedication to CryptoLogic, in particular during its move to Ireland, and for assisting in implementing the management's restructuring programme. We wish him and his family all the best for the future.

"I would also like to welcome Huw Spiers, who brings extensive management experience and a background from the high growth technology sector. His appointment will help to revitalise the Company's management team following a period of radical change and we look forward to his contribution with much anticipation."

Spiers commented: "I am delighted to join CryptoLogic, an exciting company with excellent long term prospects. It has a proven internet-based business model, a blue chip customer base and great products aimed at a global market destined for long term growth."

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