Ahead of its planned merger with Gala Coral, Ladbrokes has made a series of changes to its non-executive board.
UK.- Ladbrokes has made changes to its non-executive board ahead of its planned merger with Gala Coral.
Mark Clare has been appointed both as senior independent director and chairman of the Social Responsibility Committee. In addition, Clare becomes a member of the Nomination Committee and Remuneration Committee.
Stevie Spring is to become independent non-executive director and chairman of the Remuneration Committee. Spring has also being appointed as a member of the Audit Committee, Nomination Committee and Social Responsibility Committee.
Finally, Mark Pain has also been named as a member of the Remuneration Committee whilst existing non-executive directors, Sly Bailey and David Martin, have stepped down from the Ladbrokes board.
“As part of the merger, we undertook to appoint new non-execs and a SID that had not been part of either the Ladbrokes or Coral board prior to the announcement of the transaction,” said John Kelly, Ladbrokes chairman. “The expertise and experience they will bring will be a valuable addition to guiding the newly merged company on its journey to be an international industry leader.”
“I would also like to thank Sly and David for their significant contribution over the last seven and three years respectively,” Kelly added. “The last few years have been both challenging and exciting and David and Sly leave the business in the best shape for the opportunities ahead.”