Key Takeaways
- A corporate announcement from Ladbrokes spells the end for Richard Glynn as CEO. Glynn will continue as CEO until a successor can be found.
- When Glynn was appointed four years ago, Ladbrokes was having difficulties. Glynn was given “a clear mandate to implement the recovery programme within a five year term.”
- Although the most recent financial reports have shown a return to growth, and particularly growth in online gambling, investors have been unimpressed with the company’s performance.
A corporate announcement from Ladbrokes spells the end for Richard Glynn as CEO. Glynne will continue as CEO until a successor can be found.
“On behalf of the Board, I would like to thank Richard for his leadership of the Company and his considerable achievements in delivering a new digital future for Ladbrokes, said Chairman Peter Erskine, adding that Glynn “has devoted enormous energy and dedication to securing the transformation of the Company and the benefits of that work are beginning to be seen. […] Ladbrokes has been transformed and is a far stronger company as a result of his work. ”
