New CEO, Director at PartyGaming

PartyGaming, owner of Party Poker, announced last week that Jim Ryan will become its new Chief Executive Officer, while John O’Malia will ascend to a newly created Board position, Managing Director. 

Ryan has an impressive internet gaming resume.  He has been CEO of both St. Minver Limited and Excapsa Software, Inc., as well as CFO of Cryptologic, Inc.  O’Malia was PartyGaming’s Chief Games Officer after serving as CEO of Gamebookers, which was purchased by PartyGaming in 2006.   

Michael Jackson, PartyGaming’s non-Executive Chairman, will step down from his post within the next few months.  The company is currently searching for his successor.  Jackson feels the new appointments are very good for the company: 

“The Board is delighted to have appointed Jim Ryan after a rigorous search and selection

process that considered a broad range of candidates. Jim has a wealth of experience that will be invaluable in steering the Group through its important next phase of development. Jim’s experience, coupled with John O’Malia’s proven success in managing PartyGaming’s profitability enhancements over the past year, will be a powerful combination in driving the Company forward and continuing to enhance the value and appeal of PartyGaming’s brands and gaming products.”