Cryptologic has appointed former IBM executive Javaid Aziz as the company's new President and CEO. Aziz is replacing Lewis Rose, the company's CEO since July 2002, who steps down as CEO because of family commitments. Cryptologic is relocating it's headquarters from Canada to Ireland.
Javaid Aziz is the founder of Aspective Ltd., a leading wireless application service provider and consulting firm, and also served as chief executive of IBM United Kingdom Ltd.
"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. He led the company's entry into the Internet poker industry and built one of the top revenue-generating poker networks in the world, and created the most innovative casino offering in the industry.
Recognizing 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 capitalization from CDN$92 million in 1992 to CDN$400 million today.