Ladbrokes owner Entain’s CEO Jette Nygaard-Andersen will step down immediately, the sports betting giant said on Wednesday, following reports that some shareholders were unhappy with her leadership.
The departure comes a week after the firm received final approval from a British judge for a costly 585 million pound ($732.4 million) settlement stemming from alleged bribery offences at the group’s former Turkish unit, concluding an HM Revenue & Customs (HMRC) probe that began in 2019.
The company did not specify reasons for Nygaard-Andersen resignation. Shares in the FTSE 100 firm were about 4% higher in morning trade, topping the blue-chip index.
Stella David, currently a non-executive director, will serve as interim CEO until a permanent replacement is found, Entain said.
