TIDMENT
RNS Number : 3876M
Entain PLC
21 January 2021
7.01am 21 January 2021
Entain plc
("Entain", the "Company")
Directorate Changes
Entain plc (LSE: ENT), the global sports-betting and gaming
group, announces that Jette Nygaard-Andersen, currently an
independent non-executive director of Entain, has been appointed
Chief Executive Officer with immediate effect. Shay Segev, the
outgoing CEO, steps down as a director today and will remain
available to Jette, the Board and management until 8 July, to
facilitate an orderly transition. In addition, Rob Wood, Entain's
CFO, will have the role of Deputy CEO added to his current role
with immediate effect, and Sandeep Tiku, Entain's Chief Operating
Officer, will be appointed to the Board later in the year.
Jette Nygaard-Andersen joined the Entain Board as an independent
non-executive director in 2019. As a Board member Jette has been
instrumental in the development of Entain's growth and
sustainability strategy. Jette has more than 20 years' experience
in leadership and operational roles in media, entertainment, sport
and digital businesses and an ex tensive track record of working
with fast-growing digital next generation online and mobile
entertainment companies offering video gaming, e-Sports, and social
media video content. As such she brings significant experience to
the CEO role that reflects the evolution of Entain into an
entertainment focused company.
Rob Wood was appointed CFO in March 2019 following six years as
CFO of the Group's UK Retail division. Rob has played a critical
role in driving the financial performance of the Group and
delivering the new strategy announced in November. To continue
Rob's development, he will now take responsibility for all Retail
operations and M&A activities under the role of CFO and Deputy
CEO.
Sandeep Tiku joined Entain (then bwin.party) in June 2014. After
four years as Group Chief Technology Officer he became Group COO in
July 2020 to drive Entain's operations through technology and
operational excellence. Sandeep has been instrumental in developing
Entain's industry leading proprietary technology platform, and also
drove the integrations of the bwin.party, Ladbrokes and Coral
businesses into the Group. His appointment to the Board, which will
take effect later in the year, reflects the importance of the
technology platform to Entain's continued success.
Barry Gibson, Entain's Chairman, said: "We are extremely
fortunate to have such an outstanding candidate and readymade CEO
in Jette. She is already deeply immersed in Entain's strategy, and
clearly shares our ambition to be the world-leader in sports
betting and gaming entertainment.
"Jette and I have been immensely impressed by Rob. He is
extremely well regarded internally and externally, and the
additional responsibilities will enable him to further develop his
operational skills as well as overseeing a key tenet of our growth
ambitions through M&A.
"Sandeep has been integral to the development of Entain's unique
proprietary technology platform, which is a source of significant
competitive advantage. His appointment not only reflects his
contribution to the success of Entain but is also aligned with our
aim to have a broader range of experiences and inputs on the
Board."
Jette Nygaard-Andersen said: "I am very excited to have the
opportunity of continuing the extraordinary momentum that Entain
has in its existing markets, as well as helping it enter new
regulated markets and reach new audiences. I am delighted that Rob
has agreed to take on broader responsibilities and that the
importance of our proprietary technology is recognised through
Sandeep's appointment to the Board. I am deeply wedded to Entain's
commitment to providing industry-leading levels of player
protection, and to its philosophy that the most sustainable
business in our industry will be the most successful business in
our industry. I cannot wait to get started."
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulation (EU) No. 596/2014. Upon the publication of this
announcement, this inside information is now considered to be in
the public domain .
Enquiries:
Investor Relations
Entain plc
David Lloyd-Seed, Director of Investor Relations & External Communications investors@entaingroup.com
david.lloyd-seed@entaingroup.com
Jennifer Spencer, Investor Relations Manager Jennifer.spencer@entaingroup.com
Media
Entain plc
Tessa Curtis, Head of Media Relations Tessa.curtis@entaingroup.com
Jay Dossetter, Head of ESG and Press Office Jay.dossetter@entaingroup.com
Company Secretary
Emily Carey investors@entaingroup.com
Powerscourt
Rory Godson / Rob Greening / Sam Austrums Tel: +44 (0) 20 7250 1446
Entain@powerscourt-group.com
LEI: 213800GNI3K45LQR8L28
About Entain plc
Entain plc (LSE:ENT) is a FTSE100 company and is one of the
world's largest sports-betting and gaming groups, operating both
online and in the retail sector. The Group owns a comprehensive
portfolio of established brands; Sports Brands include bwin, Coral,
Crystalbet, Eurobet, Ladbrokes, Neds and Sportingbet; Gaming Brands
include CasinoClub, Foxy Bingo, Gala, Gioco Digitale, partypoker
and PartyCasino. The Group owns proprietary technology across all
of its core product verticals and in addition to its B2C operations
provides services to a number of third-party customers on a B2B
basis. The Group has also entered into a joint-venture with MGM
Resorts to capitalise on the sports-betting and gaming opportunity
in the US. The Group is tax resident in the UK with licenses in
more than 20 countries, across five continents.
For more information see the Group's website:
www.entaingroup.com
Notes for Editors
About Jette Nygaard-Andersen
Jette was appointed to the Entain plc board on 11 December 2019.
From 2003 until March 2019 she held several senior executive and
non-executive roles at Modern Times Group AB, a listed
international entertainment group with a strong presence in
Scandinavia and Central Europe. Prior to 2003, Jette worked for six
years for Accenture as a senior strategy consultant advising
clients in the telecommunications, media and entertainment sectors.
Jette has a degree in business, finance and economics from
Copenhagen University and has attended executive programmes with
Insead in France and Columbia University in the USA. She is a
non-executive Director of Coloplast A/S. Jette will step down from
the Entain's remuneration and ESG (formerly CSR) committees with
immediate effect.
About Sandeep Tiku
Sandeep joined bwin.party in June 2014 which was then acquired
by GVC Holdings PLC in 2016, at which point Sandeep became CTO. In
July 2020, Sandeep became Entain's COO. Prior to Entain Sandeep was
a Global Social, Mobile, Analytics and Cloud Practice head at
Valtech India, and was responsible for building large-scale
platforms for various Fortune 500 Companies. He has a Master's
degree in Computer Science and a Bachelor's degree in Business
Administration from the University of Mysore.
Remuneration
In accordance with Entain's directors' remuneration policy
approved by shareholders on 24 June 2020, the Board has agreed an
annual basic salary of GBP750,000 for Jette Nygaard-Andersen. She
will be entitled to participate in the Entain's Long Term Incentive
Plan and Annual & Deferred Bonus Plan up to a maximum of 300%
and 250% of annual salary respectively, with awards for on-target
performance at 150% and 125% respectively.
Rob Wood will receive an annual basic salary of GBP525,000. He
is entitled to participate in Entain's Long Term Incentive Plan and
Annual & Deferred Bonus Plan up to a maximum of 250% and 200%
of annual salary respectively, with awards for on-target
performance at 125% and 100% respectively.
Sandeep Tiku will receive an annual basic salary of GBP500,000.
He is entitled to participate in Entain's Long Term Incentive Plan
and Annual & Deferred Bonus Plan up to a maximum of 250% and
200% of annual salary respectively, with awards for on-target
performance at 125% and 100% respectively.
END
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