After recently coming under regulatory scrutiny, Entain plc (LSE: ENT), a global leader in sports betting and gaming, has announced that Gavin Isaacs, the company’s Chief Executive Officer, will step down by mutual agreement, effective immediately.
Stella David, who currently serves as Entain’s Non-Executive Chair, will take on the role of Interim CEO. She previously held the position of Interim CEO from December 2023 to September 2024. In addition, Pierre Bouchut, the current Senior Independent Director, will step into the role of Non-Executive Chair on an interim basis.
Entain has confirmed that it remains on track with market expectations for FY2025. The company is set to release further details regarding its FY2024 results and current trading on March 6, 2025.
Stella David said: “Entain is making strong progress in delivering our strategic priorities. We would like to thank Gavin for his contribution. The Board is pleased with the Group’s performance in 2024 and trading so far this year. As announced on 13 January 2025, FY2024 Group EBITDA is expected to be at the top of the £1,040m-£1,090m guidance range.
“The Board and management remain aligned on the Group’s focus on operational excellence and maximising shareholder value. I look forward to leading the business as we continue to accelerate our performance.”
