Sources report that Entain Plc are gearing up to inaugurate Jette Nygaard-Andersen as the first female CEO to run a UK listed gambling group
Following CEO Shay Segev's sudden departure last week, Enatin Plc are reported to be in 'advanced discussions' to appoint Jette Nygaard-Andersen as their new chief executive officer. If executed, Jette Nygaard-Andersen will become the first female CEO for any British-listed gambling group. The monumental move comes during a particularly delicate time as Entain, formerly GVC Holdings, is in the middle of a £8M takeover battle with MGM Resorts.
The news has produced a buzz throughout the industry, the Financial Times commenting "Jette Nygaard-Andersen will take over at a pivotal time for the gambling sector".
The CEO contender is a veteran in the media and entertainment industry, holding more than 20 years' experience under her belt. Jette Nygaard-Andersen previously served as the EMEA Chief Executive of Swedish media conglomerate Modern Times Group for roughly 16 years. Since December 2019, the Danish national also serves as an Entain non-executive director.
Furthermore, skepticism surrounding Segev's departure has risen given the odd timing, and especially given his notice period is 6 months. Segev is currently pursuing a role with higher financial rewards at DAZN sports streaming site.
Entain's chairman commented on the CEO's sudden departure stating:
We are sorry that Shay has decided to leave us but recognise that we cannot match the rewards that he has been promised.
Nonetheless, he also assured that the CEO's departure won't affect the £8M takeover bid, which he claims “significantly undervalues the company and its prospects".
Source: Gambling News
About SiGMA College:
The iGaming industry is growing and expanding at a staggering rate. People who entered the market 10 years ago might find themselves lacking in certain areas of knowledge today, that’s why SiGMA College is offering a diploma in gaming! This is an introductory online course, which will be offered completely free of charge to a global audience, and will be aimed at people looking to diversify their knowledge or at people looking to enter the industry for the first time. Should you have any questions or queries, please do me hesitate to contact Emily Micallef.