Tipico – has a new CEO

Tipico has a new CEO appointed, which plans to expand the product range and to strengthen the brand positioning. Joachim Baca is 18. July 2016 the new Chief Executive Officer (CEO) of the Tipico appointed.

Baca itself is in the area of sporting bets not unknown, because it had long-standing Chief Operating Officer for sports betting providers bwin.party (today GCV holdings), a listed the betting provider with an annual turnover of around 800 million euros.

The objectives of Joachim Baca

The new CEO of the Tipico Group, which is the market leader for sports betting in Germany, has much before. He would like to remove the product range and to further strengthen the brand positioning. Joachim Baca follows on Jan Bolz, which after five years by mutual agreement leaves the company. Baca worked previously for many years with bwin.party, where the annual turnover approximately 800 million euros and 300 employees worked under him.

There was from 2006 to 2016 member of the Board of Management. As COO, he implemented a customer-oriented management approach and pushed the innovative further development and expansion of the sports betting offer of bwin.party. His appointment is the new CEO of the Tipico group the following word: “Tipico can boast an impressive success story: from start-up to the German market leader in just a decade. I am very much looking forward to the challenge, together with the owners and the Tipico team the company success and continue to further and a new chapter of this growth story stage.”

super year for Tipico

Already in April 2016 had advised by CVC Capital Partners Fund is a binding agreement to acquire a majority stake in Tipico Group was signed. In this, the founder of the company as a shareholder. The conclusion of the whole is subject to the approval by the antitrust authorities and is expected in the third quarter. With CVC can Tipico on the extensive sector expertise in the area of sports betting trust. In particular in relation to the previous participation in the sports betting providers William Hill and the IG Group. Since 2014 the company is also the provider Sky Bet, whose headquarters is in the United Kingdom like other bookmaker too – like Bet365 (Read more) or Ladbrokes.

CVC Capital Partners is one of the world’s leading private equity and investment advice companies. The company was founded in the year 1981 and can have more than 300 employees in 22 offices in Europe, Asia and the USA. For the majority stake in the Tipico group had several companies promoted, among other things, Deutsche Telekom, Chinese bidders and other investors. However, this failed due to the lack of references to the CVC. Find here the complete review: http://www.sportwetten-online.com/wettanbieter/tipico-erfahrung