Entain, the gambling group that owns Ladbrokes and Coral, has announced a number of changes to its board following the departure of CEO Jette Nygaard-Andersen. Stella David, a non-executive director, has been appointed as interim chief executive in the wake of Nygaard-Andersen’s exit. This change has led to a series of other changes within the boardroom and board committees.
Pierre Bouchut, a board member, has been appointed as senior independent director, replacing David. Virginia McDowell has been appointed as chair of the Remuneration Committee and Barry Gibson, the group chair, has taken on the additional role of chair of the People and Governance Committee. In addition, Rahul Welde has been appointed as a member of the People and Governance Committee.
Bouchut, who joined Entain’s board in 2018, brings more than 40 years of experience in senior management roles across finance, European retail, and European property. Gibson praised Bouchut’s experience and knowledge, calling him an ideal candidate for the role of senior independent director.
Meanwhile, there are reports that Ricky Sandler of investment firm Eminence Capital will soon be added to Entain’s board in response to its targeting by activists this year. Sandler has previously called on Entain to sell all or part of its BetMGM joint venture with MGM Resorts.
Nygaard-Andersen’s resignation came on the heels of Entain resolving a case with the Crown Prosecution Service (CPS) in reference to historic activities in Turkey. The terms of the resolution saw Entain agree to pay a financial penalty, as well as make a charitable donation and pay additional costs.
Gibson praised Nygaard-Andersen for her role in resolving the Deferred Prosecution Agreement (DPA), saying she provided exceptional leadership during a challenging period. He credited her dedication to steering the company through a difficult time, particularly in light of the threats posed by the HMRC investigation.