Entain Shares Drop As Boss Steps Down After Just Five Months

PUBLISHED: Feb 11 2025 @ 03:50 | Comments (0) | More info about Fiona Craig

Shares in Entain (LSE:ENT) fell sharply on Tuesday morning after the company announced that its chief executive, Gavin Isaacs, was leaving the company immediately after less than six months in charge.

The gambling group, which owns betting shops Ladbrokes and Coral, did not give a reason for Isaacs’ departure, simply saying that it was by “mutual agreement”.

The surprise exit comes after the previous boss Jette Nygaard-Andersen resigned at the end of 2023, after shareholders were reported to be unhappy with her leadership.

Shares in Entain dropped 11.7% following the announcement on Tuesday morning.

Entain said its non-executive chairwoman, Stella David, would become chief executive on an interim basis until it finds a permanent replacement. She previously took on the role temporarily after Ms Nygaard-Andersen left the company.

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Ltd. ADVFN Ltd does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.