Entain appoints Stella David as permanent CEO
The Gambling Giant Entain Acts Again
Entain plc, the renowned FTSE100 betting and gaming company, recently confirmed that Stella David will take over as their permanent Chief Executive Officer (CEO).
David, who previously held the interim CEO position, has been officially appointed to the job effective immediately.
Let's rewind a bit. In February, Entain's CEO, Gavin Isaacs, left after only five months on the job. His departure followed the stepdown of the former CEO, Jette Nygaard-Andersen, due to mounting investor pressure and disappointing financial results.
Entain had been searching for a new CEO for nearly a year before appointing Isaacs, but his departure restarted the process. David stepped in as interim CEO during this time. Now, she's here to stay.
David expressed her excitement about taking the reins at Entain. She acknowledged the company's clear strategy and their progress in strengthening operational capabilities. In her words, "I am hugely excited to be leading the business going forward as Entain's CEO as we accelerate our journey of improvement."
Entain's Interim Chair, Pierre Bouchut, seemed thrilled about David's permanent CEO role. He highlighted her extensive experience, track record, and business acumen. Bouchut added that David played a crucial role in shaping, implementing, and executing Entain's strategy to create value for shareholders.
David brings a solid career history to the table. She has held CEO roles at WM Grant & Sons (makers of Glenfiddich whiskey) and served as a non-executive director at Bacardi and Norwegian Cruise Line Holdings, where she currently serves as chair. In March 2021, she joined Entain as a non-executive director, became the chair in April 2024, and has twice served as interim CEO.
David's multi-industry expertise spans beverages, travel, and gaming, positioning her well to navigate Entain's complex regulatory landscape. She's shown resilience during times of leadership vacuum, filling in as CEO twice during crucial transitions.
Entain's shares rose nearly 3% to 646.4p upon the announcement of her permanent appointment. David aims to continue Entain's growth trajectory, capitalizing on global gaming opportunities.
Image credit: Pixabay.com
Did You Know?
David's extensive background and multi-industry expertise will positioned her to navigate Entain's complex regulatory landscape and drive growth in the global gaming market.
Reference(s):1. WM Grant & Sons2. Norwegian Cruise Line Holdings3. Entain plc Corporate Website4. Entain plc Press Release: Stella David Appointed CEO5. Bloomberg: Stella David Named Entain's Permanent CEO
- Stella David, who has been serving as the interim CEO of gaming giant Entain plc, has been officially appointed as the permanent CEO, effective immediately.
- David, with her extensive experience in multiple industries such as beverages, travel, and gaming, is poised to navigate Entain's complex regulatory landscape and drive growth in the global gaming market.
- With her appointment, Entain's shares rose nearly 3%, reflecting the confidence of investors in David's leadership abilities.
- David, who has previously held CEO roles at WM Grant & Sons and served as a non-executive director at Bacardi and Norwegian Cruise Line Holdings, aims to continue Entain's growth trajectory and capitalize on global gaming opportunities.
