Entain investors seek permanent CEO role for Stella David
Three major investors said David, who was Chairman of Entain’s Board of Directors before agreeing in February to become interim CEO, was the ‘right person’ for the job.
Key Points
- One person close to Entain, which owns Ladbrokes and Coral, stated the company had recently kicked off a search to find a new Chairman
- David stepped into the CEO role following the departure of Gavin Isaacs, who left the company abruptly during February after only five months
Investors behind Entain Group have begun sharing support to see Stella David’s interim role as CEO be made permanent, as numerous shareholders have reportedly agreed that David is the “right person” for the job.
David had served as Chairman of Entain’s Board of Directors since 2024, having been first elected to the Board during 2021, before stepping into the CEO role in February following Gavin Isaac’s sudden departure after just five months.
One person close to Entain, which owns Ladbrokes and Coral, said the company had recently kicked off a search to find a new Chairman after David’s performance as interim CEO.
“She knows the business, she comes across very well in meetings. Given the alternative — a new chair and a new CEO — I’d much prefer to see Stella stay on in the CEO role and [for Entain to] appoint a new chair,” one shareholder said to the Financial Times.
“We would welcome the continuity that Stella staying on as CEO would potentially bring.”
Good to know: Entain released its financial results for FY24 on March 6, where in total, net gaming revenue excluding the US was up 7% year-over-year to £5.16bn ($6.66bn), with gross profit following a similar trajectory, up 7% to £3.12bn
David has also gone through an eight-month interim period of leading Entain during 2024.
Investors reportedly see David’s role becoming permanent as a way to restore some “stability” to the executive ranks after years of upheaval. If she were to take the job permanently, David would become Entain’s fourth CEO in the past five years.
One major Entain investor also questioned whether David would want the job on a full-time basis, as she left her previous permanent executive role at family-owned distillery William Grant & Sons in 2016.
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