REG - Entain PLC - Group Chief Financial Officer succession

EntainAnnouncement

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RNS Number : 0894L  Entain PLC  11 December 2025

11 December 2025

 

Entain plc

("Entain" or the "Group")

 

Group Chief Financial Officer succession

Entain plc (LSE: ENT), the global sports betting and gaming group, announces
that, after 13 years with the Group, Rob Wood is to step down as Group Chief
Financial Officer ("CFO") and Group Deputy CEO in 2026.

The Board is pleased to announce the appointment of Michael Snape, to succeed
Rob as Group CFO and Executive Director of the Board with effect from 6 March
2026. Michael will join the Group as CFO Designate in February 2026.

Rob will step down as an Executive Director of the Board on 6 March 2026 and
will remain with Entain until June 2026 to ensure an orderly transition of
responsibilities.

Rob has made a significant contribution to Entain over his 13 year tenure and
has been central to the Group's growth and strategic transformation. He has
been a valued member of the management team, and has played a key role in
shaping our business into a globally scaled operator with podium positions in
attractive regulated markets. Rob leaves Entain well positioned to capitalise
on its many opportunities ahead.

Michael brings over two decades of experience in senior finance and leadership
roles, with a proven track record of delivering financial, commercial and
operational excellence across large, international companies operating in
complex industries. He joins from global logistics company International
Distribution Services (IDS) where he is currently Group CFO and recently led
its de-listing and sale. Prior to IDS, Michael spent five years at Walgreens
Boots Alliance as CFO of Boots, No7 Beauty & International. During his
earlier career he worked for Tesco plc as International CFO, Waitrose; part of
the John Lewis Partnership, and J Sainsburys plc.

Stella David, Group CEO of Entain, said:

"On behalf of the Board and everyone at Entain, I would like to express my
sincere thanks to Rob for the tremendous contribution he has made to the
Group. His expertise and dedication have helped us to successfully transform
into the global business we are today. We wish him all the very best for the
next chapter of his career."

"I am delighted to be welcoming Michael to Entain. His seasoned leadership,
financial and operational expertise, and international experience will be
invaluable as we continue to execute our strategic priorities. I look forward
to working closely with Michael to deliver Entain's exciting potential in the
years ahead."

Rob Wood, outgoing Group CFO & Deputy CEO said:

"It has been a privilege and a pleasure to be part of Entain's growth over the
last 13 years, and I am proud of the transformation the Group has undergone
during that time. With Entain's and BetMGM's pathway to long term success well
established, now is the right time for me to pass the reins on, and I am
confident that the Group has an extremely bright future."

Michael Snape, incoming Group CFO said:

"I am thrilled to be joining Entain at such an exciting time in its growth and
transformation story. I look forward to working with Stella, the Board and the
leadership team to deliver value for all Entain's stakeholders."

 

Entain confirms that year to date trading continues to be in line with market
expectations(1) for FY25, and its FY2025 results will be released on 5 March
2026.

Notes

(1) - Company compiled consensus FY25 EBITDA of £1139m, as at 10 December
2025

This announcement has been made in accordance with the requirements of UKLR
6.4.6R and UKLR 6.4.7R. There is no further information to be disclosed under
the requirements of UKLR 6.4.8R.

Enquiries:

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

 Rob Greening/Russ Lynch/Sam Austrums   entain@sodali.com (mailto: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 and SuperSport; Gaming brands include
Foxy Bingo, Gala, GiocoDigitale, Ninja Casino, Optibet, Partypoker and
PartyCasino. The group operates the TAB NZ brand as part of a long-term
strategic partnership with TAB New Zealand. 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. For more information see the Group's website: www.entaingroup.com
(http://www.entaingroup.com/) .

Notes for Editors

1.   The appointment of Michael Snape as Chief Financial Officer was made by
the Board following an extensive search facilitated by an external recruitment
consultancy firm.

 

2.    The remuneration arrangements for Michael Snape and Rob Wood will be
in line with our Remuneration Policy and full details will be set out in our
2025 Directors' Remuneration Report.

 

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

·      Pierre Bouchut, Chairman 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

·      Edmond Mesrobian, Independent Non-Executive Director

·      Michael Goldberg, Independent Non-Executive Director

LEI: 213800GNI3K45LQR8L28

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