Entain chairman Barry Gibson has told the betting operator he intends to step down from his role by the end of September 2024.
Gibson will also step down from the board with interim CEO Stella David named as his successor. He has held the position since February 2020.
The outgoing chair is set to retire later this year. However, his departure may come before the autumn if a permanent CEO can be appointed.
Entain Chairman
Barry Gibson’s tenure as Entain’s chairman saw him oversee the transformation from GVC to Entain. Gibson has also been integral to the company’s increased revenues and group operations.
Gibson said it has been a privilege to serve as chair and work on the board for the last four years. “It has been a privilege to lead the board of Entain for the past four years.
“I have thoroughly enjoyed my time at this dynamic, exciting and innovative business. I reflected a little while ago that 2024 would be the right time for me to retire,” he said.
Under Gibson’s leadership, Entain has seen its EBITDA grow by over 50% to £1bn as of last year. Joint US venture BetMGM is also generating around £2bn in revenue.
Stella David
Before her appointment as interim CEO, Stella David was previously a non-executive director and senior independent director with Entain.
David served as CEO of William Grant & Sons and has also held leadership positions at the Nationwide Building Society and Domino’s Pizza Group.
She is also a non-executive director of Norwegian Cruise Line Holdings. There is no doubt that David brings a wealth of experience that will prove invaluable as Entain looks to the future.
“I am entirely focused on my role as interim CEO as we work to accelerate our operational strategy, and look forward to taking over the baton from Barry in due course,” David said.
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