Entain Launches Search for New Chairman Amid Leadership Uncertainty
Entain has launched a search for a new chairman, marking the latest development in its ongoing leadership transition. According to a report by Sky News, the company has engaged executive search firms to identify candidates to replace Stella David, who currently holds a dual role as both interim CEO and chair.
Potential Shift in Executive Structure
Stella David is serving her second term as interim chief executive following a series of high-profile leadership departures. Industry observers suggest the chairman search points to one of two likely scenarios: David may be appointed as CEO on a permanent basis, or she may step away from the business entirely once a new chief executive is installed.
One source told Sky News that a prolonged interim CEO term could compromise David’s independence if she were to return as chair, given corporate governance principles that stress a clear separation between executive and oversight roles.
Investor Pressure Grows
With a market valuation of £3.65 billion, Entain must act decisively. Investor sentiment has been strained by recent turbulence at the board level. In February, Gavin Isaacs stepped down as CEO after just five months in the role. While Entain said his exit was “by mutual agreement,” no further details were provided. Sky News cites market sources suggesting that Isaacs and David “had failed to build a viable working relationship.”
This uncertainty over the company’s long-term leadership has raised concerns among shareholders already grappling with broader performance challenges and questions around strategic clarity.
Source: Sky News