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News stories which have appeared on the website are available free of charge but stories which have appeared in the newspaper are only available when you join Members' Club. *NOTE: The archive runs from January 1, 2006 to present

FORMER Betfair chairman Sir Robert Horton, who served for two years before being ousted in January 2006, died on December 30, aged 72.

Horton became non-executive chairman of Betfair in January 2004, but took on an executive role after Stephen Hill resigned as chief executive in October 2005, following a board decision to abandon plans to float the company.

Horton was previously best known as chairman of BP and Railtrack during turbulent times for both companies, and gained a reputation as a hatchet man.

However, the tables were turned at the beginning of 2006, when disquiet among founder and institutional shareholders, allied to the internal promotion of Betfair’s head of IT and operations David Yu to chief executive, was believed to have prompted Horton’s immediate resignation, along with two other board members.

 

 
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