RNS Number : 4525P
20 June 2022
20 June 2022
("Entain", the "Company")
Entain plc (LSE: ENT), the leading global sports betting, gaming
and interactive entertainment group, announces the appointment of
Rahul Welde as an independent Non-Executive Director. The
appointment will take effect from 1 July 2022.
Rahul was most recently Executive Vice President of Global
Digital Transformation at Unilever plc where he drove digital
strategies for the Unilever brands. He is an Indian national and
brings over 30 years' experience in the global fast-moving consumer
On appointment, Rahul will become a member of the ESG
(Environmental, Social and Governance) Committee.
Barry Gibson, Chairman of Entain, said : "On behalf of the
Board, I am delighted to welcome Rahul to Entain. Rahul brings with
him exceptional knowledge of customer experience excellence,
ecommerce and digital transformation. I am confident that his
skills and expertise will further enhance the Board's ability to
support and oversee the delivery of our strategy."
There are no details to disclose for Rahul Welde under Listing
Rule 9.6.13 and he does not own any Entain plc ordinary shares
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 .
Company Secretary - Entain plc Tel: +44 (0) 203 938 000
Emily Carey firstname.lastname@example.org
Investor Relations - Entain plc email@example.com
David Lloyd-Seed, Chief IR & Communications firstname.lastname@example.org
Davina Hobbs, Head of Investor Relations email@example.com
Callum Sims, IR Manager firstname.lastname@example.org
Media - Entain plc email@example.com
Lisa Attenborough, Head of Corporate firstname.lastname@example.org
Jay Dossetter, Head of ESG and Press email@example.com
Jodie Hitch, PR Manager firstname.lastname@example.org
About Entain plc
Entain (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, Bet.pt, Coral,
Crystalbet, Eurobet, Ladbrokes, Neds, Sportingbet and Sports
Interaction; Gaming Brands include CasinoClub, Foxy Bingo, Gala,
GiocoDigitale, Ninja Casino, Optibet, Partypoker and PartyCasino.
The Group owns proprietary technology across all 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 a 50/50 joint venture, BetMGM, a leader in sports
betting and iGaming in the US. Entain provides the technology and
capabilities which power BetMGM as well as exclusive games and
products, specially developed at its in-house gaming studios. The
Group is tax resident in the UK with operations in a total of 31
regulated or regulating territories. Entain is a leader in ESG, a
member of FTSE4Good, the DJSI and is AA rated by MSCI. The Group
has set a science-based target, committing to be carbon net zero by
2035 and through the Entain Foundation supports a variety of
initiatives, focusing on safer gambling, grassroots sport,
diversity in technology and community projects.
For more information see the Group's website:
Notes for Editors
1. The appointment of Rahul Welde as a Non-Executive Director
was made by the Board on the recommendation of the Nomination
Committee following a search led by the Chairman.
2. The Board determined that Rahul Welde is an independent
Non-Executive Director upon appointment in accordance with the UK
Corporate Governance Code.
3. The annual fee payable to Rahul Welde as a Non-Executive Director is GBP85,000.
4. Rahul Welde has been issued with a Letter of Appointment
which may be viewed by contacting the Company Secretary.
5. Following the above change, the composition of the Entain board will be as follows:
-- J M Barry Gibson, Chairman of the Board
-- Jette Nygaard-Andersen, Chief Executive Officer
-- Rob Wood, Chief Financial Officer and Deputy CEO
-- Robert Hoskin, Chief Governance Officer
-- Stella David, Senior Independent Director
-- Pierre Bouchut, Independent Non-Executive Director and Chair of the Audit Committee
-- Mark Gregory, Independent Non-Executive Director and Chair of the Remuneration Committee
-- Vicky Jarman, Independent Non-Executive Director
-- Virginia McDowell, Independent Non-Executive Director,
Designated Workforce Director and Chair of the ESG Committee
-- David Satz, Independent Non-Executive Director
-- Rahul Welde, Independent Non-Executive Director
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(END) Dow Jones Newswires
June 20, 2022 04:11 ET (08:11 GMT)
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