Entain PLC on Thursday said Rob Wood, its chief financial officer & deputy chief executive officer, will step down in 2026 after 13 years at the firm.
The Isle of Man-based sports betting and gaming operator owns Ladbrokes, Coral, and betcha brands.
It is hiring Michael Snape, currently CFO of Royal Mail parent company International Distribution Services, to succeed Wood with effect from March 6. Snape will join Entain as CFO-designate in February.
London-based International Distribution Services was acquired by EP Corporate, a vehicle of Czech billionaire Daniel Kretinsky, in a £3.6 billion takeover that completed back in June.
Entain also on Thursday confirmed that year-to-date trading continues to be in line with market expectations. It will publish 2025 results on March 5. The company cited a market consensus of earnings before interest, tax, depreciation and amortisation of £1.14 billion for 2025, which would be up 4.6% from £1.09 billion in 2024.
Entain shares fell 4.0% to 729.80 pence each on Thursday morning in London.
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