Entain confirms Nygaard-Andersen as new CEO

Nygaard-Andersen has previously held senior executive roles at Modern Times Group (MTG).
Nygaard-Andersen has previously held senior executive roles at Modern Times Group (MTG).

Nygaard-Andersen will take up the position as CEO of the British igaming giant Entain with immediate effect.

UK.- The British igaming giant Entain, formerly GVC, has confirmed the appointment of Jette Nygaard-Andersen as chief executive.

She replaces Shay Segev with immediate effect following Segev’s resignation from Entain to move to sports streaming platform Dazn.

Segev will remain available to assist with the transition until July 8 in what is a critical moment for the recently rebranded igaming operator.

See also: Entain shares plunge as MGM Resorts rules out firm offer

Nygaard-Andersen has previously held senior executive roles at Modern Times Group (MTG).

She said: “I am very excited to have the opportunity of continuing the extraordinary momentum that Entain has in its existing markets, as well as helping it enter new regulated markets and reach new audiences.

“I am deeply wedded to Entain’s commitment to providing industry-leading levels of player protection, and to its philosophy that the most sustainable business in our industry will be the most successful business in our industry.”

Entain chairman Barry Gibson said: “We are extremely fortunate to have such an outstanding candidate and readymade CEO in Jette.

“She is already deeply immersed in Entain’s strategy, and clearly shares our ambition to be the world leader in sports betting and gaming entertainment.”

Entain has also appointed Rob Wood, its current chief financial officer, as deputy chief executive. He will continue with his current responsibilities alongside the new role.

Wood spent six years as CFO of the then GVC Holding’s UK retail division before becoming group CFO in March 2019 . He will be responsible for retail operations and M&A.

Meanwhile, chief operating officer Sandeep Tiku will join Entain’s board of directors. Tiku has been at Entain since 2014 and was previously chief technology officer until July last year.

Gibson said: “Rob is extremely well regarded internally and externally, and the additional responsibilities will enable him to further develop his operational skills as well as overseeing a key tenet of our growth ambitions through M&A.

“Sandeep has been integral to the development of Entain’s unique proprietary technology platform, which is a source of significant competitive advantage. 

“His appointment not only reflects his contribution to the success of Entain but is also aligned with our aim to have a broader range of experiences and inputs on the board.”

The new appointments come after Entain published its full offer to acquire the igaming operator Enlabs for SEK2.80bn (€277.3m) in a bid to enter the Baltic market.

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