CEO Gavin Isaacs to vacate position instantly.
In an unexpected turn of events, global sports betting and gaming powerhouse, Entain plc (LSE: ENT), has seen some major shifts in the executive suite. Gavin Isaacs, the CEO at the helm, has decided to step down, effective immediately.
Stepping up to take the reins on an interim basis is none other than Stella David, currently Entain's Non-Executive Chair. Previously, Stella served as Interim CEO from December 2023 to September 2024. Pierre Bouchut, the Senior Independent Director, will assume the role of Non-Executive Chair on an interim basis.
Stella David expressed her sentiment stating, "Entain is making excellent progress towards our strategic priorities. We appreciate Gavin's contribution. The Board is thrilled 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 focused on operational excellence and maximizing shareholder value. I'm excited to lead the business as we accelerate our performance."
Entain is confident that they are on track to meet market expectations for FY2025. More details on Entain’s FY2024 results and current trading will be shared on 6 March 2025.
It seems that Stella David has been appointed as the permanent CEO of Entain plc, replacing Gavin Isaacs indirectly through a series of interim leadership changes[1][2][5]. This transition follows her interim leadership tenure and provides stability for the company’s executive team after recent board changes.
Analysts praise Stella as a "safe pair of hands," considering her appointment coincides with a strong Q1 2025 performance featuring 11% revenue growth[4][5]. The exact timeline of Isaacs’ departure isn’t specified, but David’s permanent role follows her interim tenure and Entain’s recent leadership reshuffles[1][5].
- Entain plc, a prominent player in sports betting and casino industries, has announced that the CEO, Gavin Isaacs, will step down effective immediately.
- The global finance and business juggernaut has appointed Stella David, its Non-Executive Chair, as the interim CEO, with plans for a permanent CEO role in the near future.
- Stella David's temporary move to the CEO position comes after a strong Q1 2025 performance, featuring 11% revenue growth, and coincides with her previous interim CEO tenure from December 2023 to September 2024.
- With the anticipation of meeting market expectations for FY2025, and after a series of leadership changes, Entain plc is now under Stella David's leadership, providing stability for the company and ensuring a focus on operational excellence and maximizing shareholder value.
