PartyGaming Plc. announced two board changes and the reorganization of their management structure after two board members decided to step down. Anurag Dikshit and Vikrant Bhargava, both founding members of PartyGaming Plc., are leaving the board to pursue other interests.
In a joint statement, Bhargava and Dikshit said "Deciding when to reduce the level of executive responsibility is one of the most difficult decisions that entrepreneurs have to make. The technology, operations and marketing teams at PartyGaming have both strength and depth, and we are confident that they will continue to flourish. Accordingly, both we and the Board now feel that the management infrastructure is in a place to allow us to step down from our current roles."
Dikshit is stepping down to take on the position of Head of Research and Special Projects. He'll focus on the development of new products and platforms with the objective of further enhancing PartyGaming's position in online gaming.
Bhagwan Dass Goel, group technology director, and Joel Leonoff, who will be appointed to the role of group operations director, will take over Dikshit's existing responsibilities. Both have been appointed to the Group's Executive Committee, and Dikshit's role on the Board won't be filled.
Bhargava will serve on the board until the end of the year. While he plans to pursue a variety of other interests, he will continue to be available to advise the company after he leaves.
"Today's announcement reflects the continuing transformation of PartyGaming from a small entrepreneurial business into one of the world's leading internet businesses," said Michael Jackson, chairman of Party Gaming. "We're delighted that in his new role, Anurag will now be free to help develop the next generation of products and platforms. We’re also pleased that Vikrant, with his considerable knowledge and experience, will continue to retain his close association with Party Gaming."
This is the second big change in recent months for PartyGaming, which owns and operates PartyPoker.com and Empire Poker. In March they announced the appointment of Mitch Garber to replace Richard Segal as the chief executive officer and director of the company.