Entain CEO Gavin Isaacs Resigns After Five Months

The sudden departure leaves non-executive chairwoman Stella David as interim CEO for the second time in two years.

Gavin Isaacs, CEO of Entain, owner of Ladbrokes and Coral, has stepped down by mutual agreement after just five months in the role.
Entain's share price dropped nearly 11% following the announcement, reflecting investor concerns over leadership instability.
Stella David, the company’s non-executive chairwoman, will serve as interim CEO while the search for a permanent replacement begins.
Analysts describe the resignation as disruptive, adding to recent challenges for Entain, including regulatory investigations in Australia and past financial penalties.
Entain remains optimistic about its financial performance, projecting 2024 earnings at the top end of its £1.04 billion to £1.09 billion guidance range.