12 March
2024
Entain
plc
("Entain"
or the "Group")
Board
Appointment
Entain plc (LSE: ENT),
the global sports betting and gaming group, is
pleased to announce the appointment of
Ronald J. Kramer as an Independent Non-Executive Director with
immediate effect.
The Board has determined that Ronald
J. Kramer is independent. In making that determination, the Board
have concluded that there are no other relationships or
circumstances which are likely to affect his judgement and that any
relationships or circumstances which could appear to do so are not
considered to be material.
Commenting on Ron's appointment,
Barry Gibson, Chairman of Entain, said: "I am delighted to announce
the appointment of Ron to the Board. He is a high calibre
individual with deep knowledge and expertise of the US gaming
industry. I am confident that his appointment will add
significant value to the Board and complement our existing Board
dynamics, as we continue to deliver our strategy of growth and
focus on shareholder value."
About Ronald J. Kramer
Ron brings extensive corporate
finance, real estate and gaming industry experiences gained over a
40-year career. He is currently the
Chairman and CEO of Griffon Corporation (NYSE:GFF), a diversified
management and holding company headquartered in New York, and
serves on the Board of Douglas Elliman Inc. (NYSE:DOUG), a leading
residential brokerage company. Ron
was previously the President and Director of Wynn Resorts Limited
(Nevada:WYNN) between 2002 and 2008. He received a Bachelor of
Science from Wharton School of the University of Pennsylvania in
1980 and an MBA from New York University in 1981.
Save as disclosed above, Ronald J.
Kramer has not held directorships in any other publicly listed
companies, whether in London or overseas, during the previous five
years. He does not have relationships with any directors, senior
management, substantial or controlling shareholders of the Company.
There are no matters that need to be disclosed pursuant to Listing
Rule 9.6.13(2) to (6) of the Listing Rules of the Financial Conduct
Authority.
Enquiries:
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 BetCity, bwin, Coral, Crystalbet, Eurobet, Ladbrokes, Neds,
Sportingbet, Sports Interaction, STS, SuperSport and TAB NZ; Gaming
brands include 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 and is
the only global operator to exclusively operate in domestically
regulated or regulating markets operating in over 30
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: www.entaingroup.com.
Notes for Editors
1. The
appointment of Ronald J. Kramer, as a Non-Executive Director was
made by the Board on the recommendation of the People &
Governance Committee following a search led by the
Chairman.
2. The Board
determined that Ronald J. Kramer is an independent Non-Executive
Director upon appointment in accordance with the UK Corporate
Governance Code.
3. The
annual fee payable to Ronald J. Kramer as a Non-Executive Director
is £95,000.
4. Ronald J.
Kramer 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, Chair of the People &
Governance Committee and Chair of the Capital Allocation
Committee
· Stella
David, Interim Chief Executive Officer
· Rob
Wood, Chief Financial Officer and Deputy CEO
· Pierre
Bouchut, Senior Independent Director and Chair of the Audit
Committee
· Virginia McDowell, Independent Non-Executive Director,
Designated Workforce Director, Chair of the Sustainability &
Compiance Committee and Chair of the Remuneration
Committee
· David
Satz, Independent Non-Executive Director
· Rahul
Welde, Independent Non-Executive Director
· Amanda
Brown, Independent Non-Executive Director
· Ricky
Sandler, Non-Executive Director
· Ronald
J. Kramer, Independent Non-Executive Director
LEI: 213800GNI3K45LQR8L28