Ladbrokes Names John Kelly Chairman of Board In Front of Coral Merger
UK-based betting and video gaming operator Ladbrokes plc announced the appointment of John Kelly as Chairman of the company’s Board today. Mr. Kelly has brought the post straight away, after former Ladbrokes Chairman Peter Erskine stepped down from the position on December 3.
The gambling company also announced that Mark soreness has been appointed as Non-Executive Director and Chairman of its Audit Committee.
Previous Ladbrokes Chairman Peter Erskine made public his motives to leave the Board May 7, 2015. Utilizing the overwhelmingly good shareholder vote for the proposed £2.3-billion merger with competing operator Coral Group, Mr. Erskine left the Board formally, handing the part to his successor. Mr. Kelly will also be Chairman of the combined entity Ladbrokes Coral Plc, provided that the merger receives the required regulatory approval.
Commenting on their new post, Mr. Kelly stated he considers it a fantastic honor to be Chairman of this major gambling company, specially at this kind of crucial phase in its history. The state included they shall now stick to the ‘aggressive natural plan’ introduced by CEO Jim Mullen and will work hard towards the completion regarding the proposed merger.
Mr. Kelly additionally would not miss to acknowledge their predecessor’s efforts to ‘steer the company via a much needed modernization’ and their help during the occasions when the organization had been facing major challenges. (več …)