Ladbrokes CFO Ian Bull to step down in February 2016

(ShareCast News) - Ladbrokes' chief financial officer, Ian Bull, is leaving the company ahead of its merger with Gala Coral.Ladbrokes said Bull, who joined the business as CFO in July 2011, has agreed to stay on until the announcement of the 2015 full-year results scheduled for the end of February.If Ladbrokes' planned merger with the Coral Group completes before this date, it has been agreed that Bull would leave shortly after completion and if the merger completes after this date then the board will put in place appropriate arrangements.Chairman Peter Erskine said: "At the time of announcement of the proposed merger with Coral, we announced that Ian would be stepping down as Ladbrokes CFO and Ian has recently informed the board that he wished to leave Ladbrokes on completion of the annual accounts, in order to pursue other potential opportunities. "In accepting his request we are pleased that Ian has reiterated his commitment to delivering our organic strategy and in leading the current refinancing of the group in preparation for the proposed merger. I am delighted that we will continue to benefit from Ian's energy and experience during this important time."