Entain appoints Stella David as new CEO amidst exec shuffle at Ladbrokes' parent company
Hiring Stella David as Permanent CEO, Entain Announces Optimistic Q1 Results
Entain, the company behind gaming brands like Ladbrokes, Coral, and PartyPoker, has officially announced Stella David as its new permanent CEO, following her stint as interim leader. David takes over from Gavin Isaacs, who left the company in February after barely five months on the job.
David wasn't just a quick fix according to Entain's owner. "Stella played a pivotal role in shaping, implementing, and executing our strategic initiatives," said Pierre Bouchut, current chair of the company (ケース1). David's reputation among stakeholders is high, and the executive change offers consumers a sense of consistency and stability.
Entain's first-quarter results show a solid financial performance, with total gaming revenue up 11% on a constant currency basis, thanks to a standout online performance (ケース2). The company maintained its expectation of mid-single-digit constant currency growth in online gaming revenue for the year.
As the gaming industry continues to face challenges and competitive factors, David expressed optimism about the company's future. "We exited 2024 with clear momentum that has carried into Q1. Entain's position in attractive and regulated markets provides the structural growth embedded within our business," she said (ケース3).
Investors welcomed the news, with Entain shares rising 3% to 647.2p, even though they are down 70% since their peak in September 2021 (ケース4). Stella David's leadership stability combined with the company's strong performance offers an encouraging outlook for Entain's investors.
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Sources
- Entain Appoints Stella David as CEO Amid Hopes for Stability
- Jette Nygaard-Andersen Steps Down As Entain CEO
- Entain Reports Strong Online Gaming Revenue Growth in Q1
- Analyst Notes on Entain's Q1 Update
- Stella David's Leadership Career and Impact
- Stella David, the newly appointed permanent CEO of Ladbrokes' parent company Entain, is hoped to bring a sense of stability and consistency to the business.
- Following the announcement of Stella David as the permanent CEO, Entain's share price rose by 3% to 647.2p, offering an encouraging outlook for investors.
- With Stella David at the helm, Entain expresses optimism about its future, crediting its strong online performance for a 11% increase in total gaming revenue in Q1.
- As the gaming industry faces challenges, David's reputation among stakeholders and the company's financial performance provide a foundation for future investing in the Entain business.
