Entain announces Barry Gibson’s departure as Chair

Lea Hogg April 4, 2024

Share it :

Entain announces Barry Gibson’s departure as Chair

Entain, owner of Ladbrokes and Coral betting brands, has today announced that its Chair, Barry Gibson, (in photo above), would step down by the end of September. Gibson’s departure marks the end of his more than four-year tenure, a period during which he played a pivotal role in the company’s transformation. A significant announcement is expected to follow soon as anticipation builds for a new CEO to replace interim CEO Stella David.

Gibson, 72, assumed the chairmanship in February 2020 and has been instrumental in the group’s metamorphosis from GVC Holdings. His leadership was also crucial in resolving the HM Revenue & Customs probe into Entain’s legacy Turkish unit.

The announcement of Gibson’s departure comes at a time when the company is reportedly seeking advisers to oversee the potential sale of its overseas brands, including Netherlands-based BetCity, which Entain acquired last year.

Succession plan

Following Gibson’s retirement, interim CEO Stella David will assume the role of Chair. This decision comes after the departure of Entain CEO Jette Nygaard-Andersen last December, following reports of shareholder dissatisfaction with her leadership.

The leadership transition at Entain signifies a new chapter for the company.?With Stella David at the helm, the company is poised to navigate the challenges ahead and continue its growth trajectory. The departure of Barry Gibson, while leaving a void, also presents an opportunity for fresh perspectives and strategies. This period of change will further strengthen Entain’s resilience and adaptability in the face of shifting industry landscapes.

Gibson’s leadership at Entain was marked by significant achievements, including the company’s transformation from GVC Holdings and the resolution of a major regulatory probe.?His departure will undoubtedly leave a significant void in the company’s leadership, but it also opens up new opportunities for growth and innovation under the guidance of Stella David and the promise to usher in new leadership following the departure of former CEO Jette Nygaard-Andersen.