Henry Birch among contenders to become CEO of Entain, Sky News reports (updated)
11/05/2024 12:42
(Adds background)
May 11 (Reuters) - Henry Birch, the former chief
executive of Rank Group RNK.L , is among the contenders to
become the head of British gambling group Entain ENT.L , Sky
News reported on Saturday, citing unidentified sources.
The Ladbrokes owner is searching for a new CEO after the
abrupt departure of Jette Nygaard-Andersen in December following
reports of shareholder and investor dissatisfaction at Entain's
sluggish business performance.
In her resignation statement, Nygaard-Andersen said the
group was "safe, stable and sustainable".
Entain said last month that its chairman, Barry Gibson,
would step down by the end of September after more than four
years in the role.
The betting group reported a smaller-than-expected fall in
online gaming revenue for the first quarter, as an increase in
active customers helped it offset stiff competition and
regulatory pressures in its main markets.
Entain declined to comment on the Sky report.
(Reporting by Akanksha Khushi in Bengaluru; Editing by Alison
Williams)
((Akanksha.Khushi@thomsonreuters.com;))