New Leader For Cryptologic
New CEO and President will maintain focus on Europe and
Months of industry speculation have ended with the
announcement today (Monday) by Cryptologic that Javaid Aziz
is to become its new CEO and President. Aziz will be based
in Dublin following the turnkey provider's head office move
The departure of Aziz's well respected predecessor Lewis
Rose has been on the cards since September last year, when
the move to Dublin was announced and Rose intimated that he
would step down as Crypto's highly successful CEO and
Javaid Aziz brings 30 years of technology management to
the Cryptologic table, having served as chief executive of
IBM UK. Following this high powered position he went on to
found Aspective Ltd., a leading wireless application service
provider and consulting firm.
CryptoLogic plans to hold a special meeting of
shareholders in May to approve the reconstitution of the
company into a United Kingdom company resident in Ireland,
whose shares will be listed on the Toronto Stock Exchange,
NASDAQ Global Select Market and the London Stock Exchange.
Lewis Rose, the company's CEO since July 2002, has
assisted in the transition and is an advocate of the move to
Ireland as the next logical step in CryptoLogic's evolution.
At the time of the September 2006 announcement, Rose
announced his intention to step down as CEO because of
family commitments, effective upon the hiring of the new
"As the pioneer and leader of the global e-gaming
software industry, CryptoLogic is one of the world's great
technology success stories," Aziz said. "No matter
where you go, CryptoLogic's brand is synonymous with
integrity, innovation and financial performance. I'm excited
to lead the CryptoLogic team as we set a course for
continued growth and expansion in the U.K., Europe and
Aziz brings impressive experience in leading an advanced
technology business. Between 1975 and 1995, he held
positions of increasing responsibility at IBM, ascending to
the rank of chief executive for the United Kingdom.
Following four years as senior vice president of Silicon
Graphics, Aziz founded Aspective in 1999 and sold it in 2006
to Vodafone Group Plc, the global mobile phone and
"In Javaid Aziz, CryptoLogic has chosen an experienced
leader in both the management of an innovative technology
company - and a global business based in Europe," said
Robert Stikeman, CryptoLogic's Chairman. "Lewis Rose has
laid an excellent foundation - and we're confident Javaid
will build on this success."
Aziz succeeds Rose, under whose leadership CryptoLogic
consistently achieved new records in revenue and earnings.
Rose led the company's entry into the Internet poker
industry and built one of the top revenue-generating poker
networks in the world, as well as creating one of the most
innovative casino offerings in the industry.
Recognising the regulatory uncertainty in the U.S.
e-gaming market, Rose successfully shifted CryptoLogic's
business to Europe. He built new and enduring partnerships
with many of the world's blue-chip gaming and entertainment
brands, including William Hill, and more recently, Playboy
and Holland Casino. Rose also established CryptoLogic's
first presence in Asia, grew revenue from $34 million in
2002 to more than $100 million in 2006, and grew the
company's market capitalisation from CDN$92 million in 1992
to CDN$400 million today.
"Working with the outstanding people at CryptoLogic
has been one of the major highlights of my career," Rose
said. "Together, we've taken a young, entrepreneurial
company and transformed it into a business that's built to
last, built to grow and built to win. With an outstanding
new CEO, supported by the management team that I've been
privileged to lead, CryptoLogic is set for success in the
hottest e-gaming markets of today and tomorrow."
Posted: April 2, 2007