Stella David appointed as permanent CEO in Entain.
Fresh Take:
Entain's New Permanent CEO: Stella David Steps Up!
After a brief stint as interim CEO following Gavin Isaacs' departure, Entain has officially appointed Stella David as its new permanent CEO.
Entain plc, a major player in the land-based and online gambling sector, has announced that Stella David has assumed the position of CEO on a permanent basis, effective immediately.
A Permanent Role for the Interim CEO
In February, following Just five months on the job, Gavin Isaacs stepped down as CEO. Prior to his appointment, Jette Nygaard-Andersen had also vacated her role, leading to a search for a permanent CEO that lasted nearly a year. Stella David stepped in as interim CEO, and now, her position has been made permanent, putting an end to the ongoing search.
Stella David: The Woman with a Plan
David expressed her enthusiasm in a press release. "Entain has a clear strategy, and we are making significant strides in strengthening our operational capabilities," she shared. David is determined to leverage Entain's immense potential for growth, and she spoke positively about what the future holds for the company.
A Seasoned Executive Takes the Helm
Pierre Bouchut, Entain's Interim Chair, expressed the Board's excitement about David's permanent appointment. He praised David's extensive experience, solid track record, and business acumen. According to Bouchut, David has played a crucial role in shaping and executing Entain's strategy to drive growth and shareholder value.
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Insights:
- Stella David is a seasoned executive, boasting a wealth of experience from industries beyond gambling. She previously served as the CEO of William Grant & Sons, Chair of C&J Clark Ltd., and held significant positions at Bacardi Ltd., among other companies.
- Education: Stella David holds an undergraduate degree from the University of Cambridge, earning it in 1985.
Future Outlook:
As the new permanent CEO, David's focus will be on driving strategic growth for Entain. This involves operational strengthening, strategic planning, and capitalizing on the company's growth potential. The company has shown strong performance in the first quarter, with a 9% increase in total group net gaming revenue, and the forecast for mid-single-digit percent online NGR growth for 2025 suggests a positive outlook for the future. David's stable leadership should provide the consistency necessary for Entain to navigate its growth opportunities effectively.
- Stella David, following her interim tenure, has now been officially appointed as the permanent CEO of Entain, a major player in the gambling sector that is listed on the FTSE100.
- As the new permanent CEO, David is determined to leverage Entain's immense potential for growth, with a focus on driving strategic growth for the company.
- Pierre Bouchut, the Interim Chair of Entain, praised David's extensive experience, solid track record, and business acumen, asserting that she has played a crucial role in shaping and executing Entain's strategy to drive growth and shareholder value.
- With a clear strategy and significant strides made in strengthening operational capabilities, David is optimistic about the future of Entain and the growth opportunities that lie ahead for the company.
