Barry Gibson will resign as Chairman of Entain

Entain announces Barry Gibson's retirement as Chair and from the board by September 2024. Stella David, current interim CEO, will succeed him.

Gibson may leave sooner based on CEO appointment timing. During his tenure, Entain rebranded, grew EBITDA by 50%, and saw BetMGM revenue soar.

David, a former non-executive director, will take over as Chair. Gibson praised David's succession.

 

[CR7]

Barry Gibson's impending retirement as Chairman of Entain marks the conclusion of a significant chapter in the company's history. Under his leadership, Entain has undergone a transformation, rebranding itself and achieving noteworthy financial milestones. The 50% growth in EBITDA and the remarkable surge in BetMGM revenue underscore Gibson's successful stewardship of the company.

The announcement of Stella David, the current interim CEO, as Gibson's successor is a strategic move that emphasizes continuity and stability for Entain. Her experience as a former non-executive director within the company provides her with valuable insights into its operations and culture. Moreover, Gibson's endorsement of David's succession speaks volumes about his confidence in her ability to steer Entain in the right direction.

With the prospect of Gibson potentially relinquishing his position earlier than September 2024 depending on the timing of the CEO appointment, Entain is poised for a seamless transition in leadership. As David assumes the role of Chair, she will be tasked with building upon the foundation laid by Gibson and driving the company towards further growth and success.

Overall, the succession plan set in motion by Entain reflects a thoughtful and well-considered approach to leadership transitions, ensuring that the company remains on a trajectory of prosperity and innovation in the rapidly evolving gambling industry.