CryptoLogic C.T.O. Departs

9 February 2009

On Monday, CryptoLogic Ltd. announced the departure of Michael Starzynski, the company's chief technology officer, and has eliminated the position for now.

The software provider said its reorganization to return to profitability includes reducing annual operating costs by $13 million. Therefore, Mr. Starzynski's role will not be filled, CryptoLogic said, but divided between other managers within the company.

“All members of the CryptoLogic team join me in thanking Mike for his service over the last five years and wishing him well as he embarks on new challenges,” said Brian H. Hadfield, CryptoLogic's president and chief executive, in a prepared statement.