GVC Holdings PLC Change of Director (4035E)
18 October 2018 - 5:01PM
UK Regulatory
TIDMGVC
RNS Number : 4035E
GVC Holdings PLC
18 October 2018
18 October 2018
GVC Holdings PLC
("GVC", the "Company")
Change of Director
GVC Holdings PLC (LSE: GVC), the multinational sports betting
and gaming group, is pleased to announce that Rob Wood has been
appointed Deputy Chief Financial Officer with immediate effect with
the intention that he will succeed Paul Bowtell as GVC's Chief
Financial Officer ("CFO") following his decision to step down from
the Board on 5 March 2019.
Rob Wood has been with the group for six years and is the CFO of
the Ladbrokes Coral UK Retail business, the largest division in
GVC, having originally joined Coral Retail as the Business
Development and Strategy Director. He has played a key role in
Retail delivering synergies of more than GBP80m from the merger of
Ladbrokes and Coral and has been instrumental in driving a
multi-channel offering and the detailed planning for a
post-Triennial Review environment.
After seven years as CFO of first Gala Coral, then Ladbrokes
Coral plc and now GVC, Paul Bowtell has decided to leave the
Company in order to take up a role with Alchemy Partners, the
private equity firm. He will step down on 5 March 2019, when GVC
expects to announce its 2018 annual results.
Lee Feldman, GVC's Chairman, commented:
"Having undertaken a rigorous selection process, we are
delighted to appoint Rob as our Chief Financial Officer Designate.
Rob will be a great addition to the Board and his appointment
demonstrates the strong bench of talent within GVC. On behalf of
the Board, I would like to thank Paul for his invaluable
contribution over the years to Gala Coral, Ladbrokes Coral and GVC.
We wish him well with his new role."
Paul Bowtell commented:
"I have thoroughly enjoyed my time with GVC and I am pleased
that I can hand over my CFO responsibilities to someone with Rob's
experience of the sector and understanding of the group's business.
This will be critical for GVC in driving growth in its key markets
and extracting the synergies from the GVC acquisition of Ladbrokes
Coral."
Rob Wood commented:
"I am delighted to step up to the role of CFO designate and
would like to thank Paul for his mentorship and guidance. I look
forward to working with Kenny and the wider management team as we
execute on our strategy."
Prior to joining the GVC group, Rob Wood was a Senior Vice
President at Cerberus Capital Management for four years working
with portfolio companies across Europe, having joined from NM
Rothschild's corporate restructuring department and before that
having spent five years in KPMG's corporate restructuring team.
Rob is a qualified accountant and a Fellow of the Institute of
Chartered Accountants in England and Wales and has a BSc degree in
Mathematics and Management Studies from the University of
Nottingham.
There are no other disclosures to be made for Rob Wood under
Listing Rule 9.6.13.
- ends -
LEI: 213800GNI3K45LQR8L28
For further information:
GVC Holdings PLC
Kenneth Alexander, Chief Executive
Paul Bowtell, Chief Financial Officer
Nick Batram, Director of Investor Relations & External Communications
Paul Tymms, Head of Investor Relations investors@gvc-plc.com
Media enquiries:
Buchanan Communications
David Rydell/Henry Harrison-Topham/Chris Lane Tel: +44 (0) 20 7466 5066
About GVC
GVC Holdings PLC 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, Coral, Crystalbet, Eurobet, Ladbrokes
and Sportingbet; Gaming Brands include CasinoClub, Foxy Bingo,
Gala, Gioco Digitale, partypoker and PartyCasino. The Group owns
proprietary technology across all of its core product verticals and
in addition to its B2C operations provides services to a number of
third-party customers on a B2B basis. GVC acquired Ladbrokes Coral
Group plc on 28 March 2018 and is now the UK's largest high street
bookmaker, with over 3,500 betting shops. The Group, incorporated
in the Isle of Man, is a constituent of the FTSE 100 index and has
licences in more than 20 countries, across five continents.
For more information see the Group's website:
www.gvc-plc.com
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END
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