Henry Birch, the former CEO of Rank Group and Very Group, emerges as a leading candidate to helm Entain, the prestigious FTSE-100 company behind Ladbrokes, sources reveal.
Amidst a backdrop of executive changes and regulatory hurdles across global markets, Entain seeks a new permanent CEO to succeed Jette Nygaard-Andersen. Henry Birch emerges as a prominent contender for the coveted position.
While Entain navigates through turbulent waters, marked by significant boardroom shifts and regulatory complexities, its market value has plummeted by 50% over the past year, now standing at nearly £5 billion.
Sources close to the company confirm Birch's candidacy for the CEO role, emphasizing his extensive experience in the gambling industry. Although Birch's potential appointment is on the horizon, the final decision may still be several weeks or even months away.
Henry Birch boasts a distinguished career in the gambling sector, serving as the CEO of William Hill Online before assuming leadership roles at Rank Group and Very Group, where he achieved notable milestones, including surpassing £2 billion in annual sales.
Investors keenly anticipate Entain's strategic move, urging the board to appoint a CEO with a deep understanding of the gambling landscape to navigate the company through its current challenges and capitalize on future opportunities. More to follow...
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