Boss of Coral and Ladbrokes owner Entain has stepped down

The boss of Coral and Ladbrokes owner Entain has stepped down.

The gambling giant said Jette Nygaard-Andersen requested to leave the role with immediate effect and will be replaced by non-executive director Stella David on an interim basis until a permanent successor is appointed.

The group said Ms Nygaard-Andersen’s decision comes after the gambling giant reached an agreement with HM Revenue & Customs (HMRC) to settle an investigation into the group over activities at a Turkish-facing business that it sold in 2017, but it did not specify a reason for her departure.

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Entain chairman Barry Gibson highlighted the resolution of the probe and the agreement, praising Ms Nygaard-Andersen for her “exceptional leadership during what has been a hugely challenging period”.

The boss of Coral and Ladbrokes owner Entain has stepped down. (Photo supplied by PA)The boss of Coral and Ladbrokes owner Entain has stepped down. (Photo supplied by PA)
The boss of Coral and Ladbrokes owner Entain has stepped down. (Photo supplied by PA)

He said: “It is no exaggeration to say that the HMRC investigation posed a number of threats to our group.”

He added: “Had the matter not been resolved by way of a deferred prosecution agreement, the consequences to the company and all of its stakeholders could have been disproportionate.”

Ms Nygaard-Andersen said: “The past three years have been rewarding and challenging in equal measure.

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“The resolution of the HMRC investigation into the legacy business, which was sold by a former management team in 2017, offers a clean inflection point for me and for Entain. The group is now safe, stable and sustainable and I believe that this is the right time to move on to other business and career opportunities.”

Previously a non-executive director at the firm, Ms Nygaard-Andersen was appointed to the top job in January 2021 following the departure of her predecessor, Shay Segev, after just six months in the role.

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