Last checked at 3 Jan 2024 07:00
3 January 2024
Entain plc
("Entain" or "Group" or "Company")
Board Appointment
Entain plc (LSE: ENT), the global sports betting and gaming group, announces the appointment of Ricky Sandler as a Non-Executive Director with immediate effect.
Mr. Sandler is the founder, Chief Executive Officer and Chief Investment Officer of Eminence Capital LP, a global investment management organisation.
Mr. Sandler will also become a member of the Company's People & Governance and Capital Allocation committees. As a member of the People and Governance committee, Entain and Mr. Sandler will work together to identify an additional Non-Executive Director mutually agreeable to Eminence and the company.
Barry Gibson, Chairman of Entain, said: "I am pleased to welcome Ricky to the Board of Entain. Ricky has a deep knowledge of our business and a firm belief in the quality of our operations and substantial growth opportunities. We look forward to benefiting from his perspectives and expertise as we work to drive value for all Entain shareholders."
Ricky Sandler said: "Entain is a robust business with market-leading brands, a unique technology platform, and enviable positions in key geographies around the world. I look forward to working with my fellow directors to help Entain achieve long-term success and create lasting value for its shareholders."
Corporate Governance Information
Under the provisions of the UK Corporate Governance Code, Mr. Sandler will not be considered an independent Non-Executive Director.
In connection with his appointment, the Company, Eminence Capital and Mr. Sandler have entered into a relationship agreement, including customary governance, standstill and voting provisions. A summary of the main terms of the agreement is available at www.entaingroup.com/about-entain/corporate-governance/ned-relationship-agreement/
Notification under Listing Rule 9.6.13
Mr. Sandler previously served as a Non-Executive Director of Ashland Inc. (previously Ashland Global Holdings Inc.) between January 2020 and January 2023. There are no other details that need to be disclosed under paragraphs 9.6.13 (2) to (6) of the Listing Rules.
About Ricky Sandler
Mr. Sandler founded Eminence Capital in 1999. Today, Eminence is a USD6.5 billion global investment management organization investing client capital across global financial markets. As CEO and CIO of Eminence, Mr. Sandler is responsible for setting the firm's strategic direction as well as directly managing its 20+ person investment team and diversified investment portfolio. Prior to launching Eminence, Mr. Sandler was co-founder and co-general partner of Fusion Capital Management, a firm that managed a long/short hedge fund focused on global equity securities. Prior to that he was a research analyst at Mark Asset Management, where he began his investing career in 1991. Mr. Sandler received a BBA in Accounting and Finance graduating with honours from the University of Wisconsin. Mr. Sandler developed and teaches a capstone Finance course at Wisconsin, Applied Equity Markets Research and launched Badgers in Finance; a professional and recruitment network for UW students and alumni across financial services. Mr. Sandler serves as an advisor on the Investment Committee for the University of Wisconsin Foundation and is a Chartered Financial Analyst.
Enquiries:
Company Secretary - Entain plc |
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James Morris | secretary@entaingroup.com |
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| Investor Relations - Entain plc David Lloyd-Seed, Chief IR & Communications Officer Davina Hobbs, Head of Investor Relations Aimee Remey, VP US Investor Relations Callum Sims, IR Manager | investors@entaingroup.com
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| Media - Entain plc Lisa Attenborough, Head of Corporate Communications Jay Dossetter, Head of Corporate PR Jodie Hitch, PR Manager | media@entaingroup.com
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| Powerscourt Rob Greening/Russ Lynch/Sam Austrums | Tel: +44 (0) 20 7250 1446 entain@powerscourt-group.com | |
About Entain plc
Entain plc (LSE: ENT) is a FTSE100 company and is one of the world's largest sports betting and gaming groups, operating both online and in the retail sector. The Group owns a comprehensive portfolio of established brands; Sports brands include BetCity, bwin, Coral, Crystalbet, Eurobet, Ladbrokes, Neds, Sportingbet, Sports Interaction, STS, SuperSport and TAB NZ; Gaming brands include Foxy Bingo, Gala, GiocoDigitale, Ninja Casino, Optibet, Partypoker and PartyCasino. The Group owns proprietary technology across all its core product verticals and in addition to its B2C operations provides services to a number of third-party customers on a B2B basis.
The Group has a 50/50 joint venture, BetMGM, a leader in sports betting and iGaming in the US. Entain provides the technology and capabilities which power BetMGM as well as exclusive games and products, specially developed at its in-house gaming studios. The Group is tax resident in the UK and is the only global operator to exclusively operate in domestically regulated or regulating markets operating in over 40 territories.
Entain is a leader in ESG, a member of FTSE4Good, the DJSI and is AA rated by MSCI. The Group has set a science-based target, committing to be carbon net zero by 2035 and through the Entain Foundation supports a variety of initiatives, focusing on safer gambling, grassroots sport, diversity in technology and community projects. For more information see the Group's website: www.entaingroup.com