By Neal Farran | March 7, 2009

Continuing what has been a time of change for the company, PartyGaming PLC announced on Wednesday that Rami Lerner would be taking over as a Non-Executive Director with the company.

Lerner will take over from John Davy, who announced back on February 19th that he would be leaving the company for personal reasons. Davy stayed on as the search for someone to replace him in the company proceeded and, with Mr. Lerner’s naming to the position, Davy’s resignation was immediately activated.

Lerner has an impressive history of service in his career. He served in Israel’s Prime Minister’s Office from 1981 to 2003, finishing his career as an Executive Senior Officer. Between 2003 and 2005, Mr. Lerner was the Chief Executive Officer of the Society for the Protection of Nature in Israel. Lerner’s appointment is made under the terms of the relationship agreement entered into at the time of the Company’s IPO in June 2005.

This most recent activity is only the latest in what has been an organizational change over the past year. In February the former Managing Director of the company, John O’Malia, stepped down from his position to concentrate on other business ventures. He was replaced by the CEO of PartyGaming, Jim Ryan.

Ryan himself is still quite new to the organization. In June of 2008, Mitch Garber stepped down as the CEO of PartyGaming over differences in the future vision of the company, at which time Ryan took over the position. Since that time, he has mounted a significant three-year plan to reestablish the company to the top of the online gaming world.

Part of Ryan’s plan for the expansion of the PartyGaming brand lies in an agreement signed in February with a live gaming company. The agreement with the Barcelona based CIRSA Gaming Corporation, S.A. will allow PartyGaming to work alongside CIRSA in the exploration and development of Internet gaming opportunities in Latin America and other Spanish speaking countries.

The organization has also been in the news for activities outside of its leadership. In December, the company was surprised when co-founder Anurag Dikshit pled guilty to violations of the 1961 Wire Act and was fined $300 million by the United States Department of Justice, with further potential sentencing of up to two years in prison suspended until 2010.

In February, PartyGaming announced that their Key Economic Indicators for the fourth quarter of 2008 were lower than the same period the previous year, but overall the company was able to show a profit for the end of the year.

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