Posted By Global Banking and Finance Review
Posted on April 24, 2025
(Reuters) -Investors in British bookmaker Entain are backing interim CEO Stella David for a permanent appointment following the sudden exit of Gavin Isaacs after just five months in the chief executive role, the Financial Times reported on Thursday.
Three major investors stated that David, who chaired Entain's board before stepping in as interim chief in February, is the right person to take the helm on a permanent basis, according to the report.
The investors want David to stabilize Entain's executive team, becoming the fourth CEO in the past five years if appointed permanently, the report added.
The company, which owns Ladbrokes and Coral, did not give a reason for Isaacs' departure, saying merely it was by "mutual agreement".
A source close to Entain said that the company has recently initiated a search for a new chair, confirming a move first reported by Sky News, according to the report.
Entain declined to comment, when contacted by Reuters.
(Reporting by Aatrayee Chatterjee in Bengaluru; Editing by Anil D'Silva and Shailesh Kuber)