REG - Entain PLC - Board Appointment

EntainAnnouncement

12/03/2024 10:00

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RNS Number : 5222G  Entain PLC  12 March 2024

12 March
2024

Entain plc

("Entain" or the "Group")

 

Board Appointment

 

Entain plc (LSE: ENT), the global sports betting and gaming group, is pleased
to announce the appointment of Ronald J. Kramer as an Independent
Non-Executive Director with immediate effect.

The Board has determined that Ronald J. Kramer is independent. In making that
determination, the Board have concluded that there are no other relationships
or circumstances which are likely to affect his judgement and that any
relationships or circumstances which could appear to do so are not considered
to be material.

 

Commenting on Ron's appointment, Barry Gibson, Chairman of Entain, said: "I am
delighted to announce the appointment of Ron to the Board. He is a high
calibre individual with deep knowledge and expertise of the US gaming
industry.  I am confident that his appointment will add significant value to
the Board and complement our existing Board dynamics, as we continue to
deliver our strategy of growth and focus on shareholder value."

 

About Ronald J. Kramer

Ron brings extensive corporate finance, real estate and gaming industry
experiences gained over a 40-year career. He is currently the Chairman and CEO
of Griffon Corporation (NYSE:GFF), a diversified management and holding
company headquartered in New York, and serves on the Board of Douglas Elliman
Inc. (NYSE:DOUG), a leading residential brokerage company.  Ron was
previously the President and Director of Wynn Resorts Limited (Nevada:WYNN)
between 2002 and 2008. He received a Bachelor of Science from Wharton School
of the University of Pennsylvania in 1980 and an MBA from New York University
in 1981.

Save as disclosed above, Ronald J. Kramer has not held directorships in any
other publicly listed companies, whether in London or overseas, during the
previous five years. He does not have relationships with any directors, senior
management, substantial or controlling shareholders of the Company. There are
no matters that need to be disclosed pursuant to Listing Rule 9.6.13(2) to (6)
of the Listing Rules of the Financial Conduct Authority.

Enquiries:

 Company Secretary - Entain plc                           secretary@entaingroup.com (mailto:secretary@entaingroup.com)

                   Investor Relations - Entain plc        investors@entaingroup.com (mailto:investors@entaingroup.com)

                   Media - Entain plc                     media@entaingroup.com (mailto:media@entaingroup.com)

                   Powerscourt                            Tel: +44 (0) 20 7250 1446

                   Rob Greening/Russ Lynch/Sam Austrums   entain@powersco (mailto:entain@powerscourt-group.com) urt-group.com
                                                          (mailto:entain@powerscourt-group.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 AA rated by
MSCI. The Group has set a science-based target, committing to be carbon net
zero by 2035 and through the Entain Foundation supports a variety of
initiatives, focusing on safer gambling, grassroots sport, diversity in
technology and community projects. For more information see the Group's
website: www.entaingroup.com (http://www.entaingroup.com/) .

 

Notes for Editors

 

1.     The appointment of Ronald J. Kramer, as a Non-Executive Director
was made by the Board on the recommendation of the People & Governance
Committee following a search led by the Chairman.

 

2.     The Board determined that Ronald J. Kramer is an independent
Non-Executive Director upon appointment in accordance with the UK Corporate
Governance Code.

 

3.     The annual fee payable to Ronald J. Kramer as a Non-Executive
Director is £95,000.

 

4.     Ronald J. Kramer has been issued with a Letter of Appointment,
which may be viewed by contacting the Company Secretary.

 

5.     Following the above change, the composition of the Entain board
will be as follows:

 

·      J M Barry Gibson, Chairman of the Board, Chair of the People
& Governance Committee and Chair of the Capital Allocation Committee

·      Stella David, Interim Chief Executive Officer

·      Rob Wood, Chief Financial Officer and Deputy CEO

·      Pierre Bouchut, Senior Independent Director and Chair of the
Audit Committee

·      Virginia McDowell, Independent Non-Executive Director, Designated
Workforce Director, Chair of the Sustainability & Compiance Committee and
Chair of the Remuneration Committee

·      David Satz, Independent Non-Executive Director

·      Rahul Welde, Independent Non-Executive Director

·      Amanda Brown, Independent Non-Executive Director

·      Ricky Sandler, Non-Executive Director

·      Ronald J. Kramer, Independent Non-Executive Director

LEI: 213800GNI3K45LQR8L28

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