Entain Announces Board Changes and Appoints New CEO

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The gambling group, which operates Ladbrokes and Coral, recently announced the appointment of Stella David as interim chief executive following the departure of Nygaard-Andersen.

The boardroom and board committees have undergone changes in response to David’s new role. Pierre Bouchut has been appointed as the senior independent director, replacing David. Virginia McDowell has been appointed as chair of the Remuneration Committee, and Barry Gibson is now chair of both the group’s People and Governance Committee.

Rahul Welde has also been appointed as a member of the People and Governance Committee. Bouchut has extensive experience in finance, European retail, and European property, making him an ideal fit for the senior independent director position.

Furthermore, Ricky Sandler of investment firm Eminence Capital is expected to join Entain’s board soon, as the company responds to activism targeting it. Sandler has previously advocated for the sale of all or part of Entain’s BetMGM joint venture.

Nygaard-Andersen’s departure comes after Entain resolved a case with the Crown Prosecution Service related to past activities in Turkey. The resolution involved a significant financial penalty, charitable donation, and payment of costs. Gibson praised Nygaard-Andersen for her leadership during this challenging period.

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Karol Petersen is a distinguished writer with a fervent interest in the realms of gambling and online gaming. With a career spanning over a decade, Karol has developed a comprehensive understanding of the gambling industry, including casinos, sports betting, poker, and the burgeoning online gaming sector. Known for his meticulous research and engaging writing style, Karol provides readers with in-depth reviews, insightful strategies, and up-to-date industry trends. His work demystifies complex topics, making them accessible and enjoyable for both beginners and seasoned gamblers. Karol's articles are trusted resources, offering practical advice and expert analysis that empower readers to make informed decisions and enhance their gaming experience.
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