The FTSE100 company and one of the largest betting and gaming groups operating in the land-based and online gambling sector, Entain plc, confirmed the appointment of its new permanent Chief Executive Officer (CEO).
On Tuesday, the company revealed that Stella David, who held the role of interim CEO, was appointed to the role on a permanent basis, effective immediately.
Interim CEO appointed on a permanent basis
In February, Entain confirmed that its CEO, Gavin Isaacs, resigned after five months on the job.
Prior to his appointment, the company's former CEO, Jette Nygaard-Andersen, had also stepped down from her role amid growing investor pressure and unsatisfactory financial results.
While Entain searched for a CEO for nearly a year before appointing Isaacs, his departure restarted that process.
With Isaacs stepping down in February, David was appointed as an interim CEO.
Now, according to the latest announcement, she will assume the role on a permanent basis, putting an end to Entain's search for an executive to lead the company.
The new permanent CEO brings solid experience, has a track record
David shared her excitement, Casino Guru News learned from a press release.
"Entain has a clear strategy and we are making great strides in strengthening our operational capabilities," she revealed.
Moreover, the newly appointed CEO added: "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."
Last but not least, David spoke about Entain's exceptional potential, predicting that the company will continue to grow in the future.
Pierre Bouchut, Entain's Interim Chair, said that the company's Board is thrilled to see David assume the permanent CEO role.
He spoke about the executive's extensive experience, track record and business acumen.
Bouchut added: "Stella has played a pivotal role in shaping, implementing and executing the ongoing delivery of Entain’s strategy to drive value for our shareholders."
Last but not least, the Interim Chair predicted that the appointment would bring stability as Entain continues to pursue new growth opportunities.
