Olympus has declared the selection of Sharon Doherty and Victoria Mackenzie-Gould as independent non-executive board members to aid the company in carrying out its transition strategy following the acquisition of the fourth national lottery permit.
Doherty presently functions as the Head of Human Resources and Workplace at Lloyds Banking Group. She possesses broad experience in the financial technology, communication, and aviation sectors, having occupied roles at Finastra, Vodafone, and BAA at Heathrow Airport.
At Vodafone, she served as the HR Director for the technology division, which employed 30,000 individuals. At Finastra, she oversaw a team of 10,000 employees as the Head of HR and Workplace.
Mackenzie-Gould currently serves as the Director of Corporate Affairs at Marks & Spencer. She has held corporate affairs leadership roles at consumer-facing brands such as Tesco and PepsiCo.
Furthermore, she served as a special advisor to former UK Prime Minister Tony Blair.
The appointments of these directors follow Olympus’ official acquisition of the fourth national lottery license in the UK last month, concluding Camelot Group’s 28-year tenure.
Olympus now has 16 months to prepare for the takeover of the National Lottery. The company has already established an office in Watford as part of its transition plan.
Olwyns head honcho, Justin King, expressed his excitement about the addition of Victoria and Sharon to the company’s roster of top-tier professionals. These experts are diligently putting into action a meticulously crafted and effective plan to secure a fourth national lottery license.
King emphasized Olwyn’s dedication to fostering a diverse board that diligently oversees and holds the company accountable on a daily basis. This board will also play a crucial role in tackling the numerous obstacles inherent in such a large-scale project.
These appointments are expected to fuel the momentum towards the creation of a more accessible national lottery that is larger, superior, and safer for all.
Last month, Olwyn reached a mutual decision with the special purpose acquisition company (SPAC) Cohn Robbins Holdings Corp to abandon their previously proposed business merger.
In January, the two companies had reached an agreement to combine operations by the end of the second quarter and list on the New York Stock Exchange (NYSE) with an estimated total enterprise value of $9.3 billion (£8.2 billion/€9.5 billion).
In June, Olwyn announced a postponement of the arrangement to the third quarter, but maintained their commitment to completing the deal by the end of September.
However, Olwyn and Cohn Robbins ultimately decided to forgo the merger. Despite this setback, Olwyn remains dedicated to entering the public markets when conditions are more favorable, as well as expanding its operations into the United States.
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