Sporting Index CEO Murphy resigns

Sporting Index Group chief executive Warren Murphy (pictured) has resigned from his post and will leave the firm in the coming months, eGaming Review has learned.

Murphy, who recently led Sporting Index through a sale process and handover to new owner Magnus Hedman, tendered his resignation last month after more than 12 years at the group, which included seven as chief executive.

When contacted by EGR, Murphy confirmed he would be leaving the London-headquartered firm, reasoning it was the “logical time” to move on following the change in ownership.

“It’s been a busy few years at Sporting Index,” Murphy said. “There’s been a lot of development on the tech and product side, I’ve put in place a long-term strategy, sold the business on the basis of that plan and now I’ve completed the transition of the business to the new owner.

“It’s with that in mind I feel now is the right and logical time for me to move on and look for a new challenge,” he added.

Murphy will remain with Sporting Index until Hedman decides on the appointment of a successor, but said he expected that process to be completed “as quickly as viably possible”.

The chief exec joined Sporting Index from Camelot in 2003 as sales and marketing director before being appointed managing director in 2008. In 2009 Murphy succeeded CEO Richard Glynn, who moved to chairman and later left to become chief executive at Ladbrokes.

“I have thoroughly enjoyed my time here at Sporting Index,” Murphy said.

“We have two great brands, some great products and people and we have achieved so much in terms of taking the B2C brand forward as well as developing a market leading B2B business.

“And I leave the business in a really good position to grow and move forward under the new owner,” he added.

Sporting Index Group operates the spread betting brand Sporting Index as well as B2B data services and trading arm Sporting Solutions.