Jim Ryan, bwin.party's co-CEO, has announced his retirement from the gaming company effective Jan. 15, 2013.
Expressing a desire to spend more time with his family in his native Canada, Ryan called his position at bwin a "dream job" and that the company is "in excellent hands and is particularly well-placed for the future" under the leadership of co-CEO Norbert Teufelberger. Following Ryan's departure next month, Teufelberger will act under a new role titled Group CEO.
Ryan joined PartyGaming Plc in June of 2008 as chief executive and became co-CEO upon the merger with bwin Interactive Entertainment AG in March of last year that saw the company renamed to bwin.party Digital Entertainment. He and Teufelberger worked together as co-CEOs as the company entered several new European markets. The pair have also been instrumental in positioning bwin to enter the U.S. online gaming marketplace, forging alliances with Boyd Gaming, MGM, Zynga and United Auburn.
"The transition to regulated markets is continuing and we are entering a period of intense product and technology innovation that will now be led by Norbert Teufelberger, whose experience, as one of the pioneers in online gaming, is probably unrivalled," said bwin's Non-Executive Chairman Simon Duffy.
Ryan has worked in the gaming industry for eleven years, most notably holding executive positions with CryptoLogic and St. Minver. His co-CEO at bwin called him "an excellent business partner" whose "experience, drive and vision" allowed bwin to make huge strides in the industry.