REG - Entain PLC - Appointment of Chief Executive Officer

EntainAnnouncement

Tue 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250429:nRSc5149Ga&default-theme=true

RNS Number : 5149G  Entain PLC  29 April 2025

29 April 2025

 

THIS ANNOUNCEMENT CONTAINS INFORMATION THAT QUALIFIES AS INSIDE INFORMATION

 

 

Entain plc

("Entain" or the "Group")

 

Appointment of Chief Executive Officer

 

Entain plc (LSE: ENT), the global sports betting and gaming group, announces
that Stella David has been appointed as permanent Chief Executive Officer
("CEO"), effective immediately.

 

Pierre Bouchut, Interim Chair of Entain, said:

"The Board is delighted to have appointed Stella as CEO. She is an
accomplished and commercial business leader with a long track record of
success across multiple industries. Stella has played a pivotal role in
shaping, implementing and executing the ongoing delivery of Entain's strategy
to drive value for our shareholders. She is highly regarded by our
stakeholders, and her appointment provides consistency and stability as the
business pursues its many growth opportunities."

 

Stella David, CEO of Entain, said:

"Entain has a clear strategy and we are making great strides in strengthening
our operational capabilities. Having taken the time to reflect, I am hugely
excited to be leading the business going forward as Entain's CEO as we
accelerate our journey of improvement. Entain is a great business with
significant potential and I am confident in its ability to deliver further
success in the future."

 

This announcement is made pursuant to Listing Rules 6.4.6R. It also contains
information that qualifies or may qualify as inside information within the
meaning of Article 7 of the Market Abuse Regulation (EU) No. 596/2014 as it
forms part of English law by virtue of the European Union (Withdrawal) Act
2018. The person responsible for releasing this announcement on behalf of the
Company is Simon Zinger, Group General Counsel.

 

Upon the publication of this announcement via a regulatory information
service, this inside information is now considered to be in the public domain.

 

 

Enquiries:

 Company Secretary                      secretary@entaingroup.com (mailto:secretary@entaingroup.com)
 Investor Relations                     investors@entaingroup.com (mailto:investors@entaingroup.com)
 Media                                  media@entaingroup.com
 Sodali & Co                            Tel: +44 (0) 20 7250 1446

Rob Greening/Russ Lynch/Sam Austrums

                                        entain@sodali.com

 

About Entain plc

Entain plc (LSE: ENT) is a FTSE100 company and is one of the world's largest
sports betting and gaming groups, operating both online and in the retail
sector. The Group owns a comprehensive portfolio of established brands: Sports
brands include BetCity, bwin, Coral, Crystalbet, Eurobet, Ladbrokes, Neds,
Sportingbet, Sports Interaction, STS, SuperSport and TAB NZ; Gaming brands
include Foxy Bingo, Gala, GiocoDigitale, Ninja Casino, Optibet, Partypoker and
PartyCasino. The Group owns proprietary technology across all its core product
verticals and in addition to its B2C operations provides services to a number
of third-party customers on a B2B basis.

The Group has a 50/50 joint venture, BetMGM, a leader in sports betting and
iGaming in the US. Entain provides the technology and capabilities which power
BetMGM as well as exclusive games and products, specially developed at its
in-house gaming studios. The Group is tax resident in the UK and is the only
global operator to exclusively operate in domestically regulated or regulating
markets operating in over 30 territories.

Entain is a leader in ESG, a member of FTSE4Good, the DJSI and is AAA rated by
MSCI. For more information see the Group's website: www.entaingroup.com
(https://eur03.safelinks.protection.outlook.com/?url=http%3A%2F%2Fwww.entaingroup.com%2F&data=05%7C01%7CEmily.Carey%40entaingroup.com%7C89986aa3574b4384d55c08db10dbbe93%7C60c43c0a64ac4050bf3e31e1cdfffdeb%7C0%7C0%7C638122308205799396%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=XNdgGlXYdOaFRljkqU6Ae%2BTjlt%2B4xA90bacwAGAunqc%3D&reserved=0)

 

Notes for Editors

 

1.     Stella David joined the Board of Entain in March 2021, and has been
Interim CEO since February 2025. She has broad experience from her previous
roles as CEO of William Grant & Sons, Chair of C&J Clark Ltd and over
15 years in senior positions with Bacardi Ltd, as well as Non Executive roles
at Homeserve plc, Nationwide Building Society, Vue International and Domino's
Pizza Group.

 

2.     Stella David will retain her Non-Executive Chair role at Norwegian
Cruise Line Holdings Limited. Stella has previously served as a Non-Executive
Director at Homeserve plc and Domino's Pizza Group plc during the previous
five years.

 

This information is provided pursuant to Listing Rules 6.4.8R(1) and the
Company confirms that there is no information to be disclosed regarding
paragraphs (2) to (6) of Listing Rule 6.4.8R.

 

3.     Stella David's remuneration remains unchanged as set out in the
2024 Annual Report and Accounts. A summary of the terms which are in line with
Entain's shareholder approval Director' Remuneration Policy are as follows:

·      Basic annual salary of £905,000 and a pension allowance of 6% of
salary, in line with the maximum employer contribution level available to our
UK-based employees.

·      A maximum annual bonus opportunity of 250% of salary and a
maximum long term incentive opportunity of 450% of salary, aligned with our
Remuneration Policy.

 

4.     The Board of Directors of Entain plc as at the date of this
announcement is as follows:

·      Pierre Bouchut, Interim Chair of the Board

·      Stella David, Chief Executive Officer

·      Rob Wood, Chief Financial Officer and Deputy CEO

·      David Satz, Senior Independent Director

·      Amanda Brown, Independent Non-Executive Director

·      Virginia McDowell, Independent Non-Executive Director

·      Rahul Welde, Independent Non-Executive Director

·      Ricky Sandler, Non-Executive Director

·      Helen Ashton, Independent Non-Executive Director

 

LEI: 213800GNI3K45LQR8L28

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  BOAPPUGWCUPAGBR