Dick Flink has resigned as Chairman of Holland Casino after almost six years in charge of the state-owned Dutch casino operator.
The announcement follows Holland Casino’s financial results for 2012 when it posted a net loss of €652,000.
Ath Schouwenaar, Supervisory Board Chairman for Holland Casino, said: “For six years, Dick Flink has energetically led our organisation through particularly challenging times. The casino concept is revitalised, a large number of branches have been rebuilt and modernised and preparations for an online casino have been started. Simultaneously, a comprehensive reform programme has been sorted. The latest results show, however, that we need profound and structural reforms and Dick feels that his governance profile does not correspond to these needs. The decision was therefore taken that he retires and that we look for a new Chief Executive Officer who will head the necessary reforms at Holland Casino.The Supervisory Board would like to thank Dick Flink for his ambition, inspiration and for all that he has put into his leadership in recent challenging and difficult years.”
Mr. Flink added: “My strength lies in the development and realisation of new concepts and formulas. The ambitions Holland Casino had on that plane, has been under pressure from economic and market conditions in recent years has given little scope for this. The prospects are such that, as in previous years, radical structural reforms must be introduced which is not where my values lie.”