Entain has announced that “by mutual agreement”, Gavin Isaacs has stepped down as Chief Executive Officer of the company with immediate effect.
Isaacs leaves Entain after five months, as he only assumed the CEO position at the beginning of September last year.
He was announced as the company’s CEO last July, concluding a seven-month search for the firm following the departure of Jette Nygaard-Andersen in December 2023.
The operator has noted that the current Non-Executive Chair, Stella David, will again become interim CEO until a permanent replacement for Isaacs is found. David was previously interim CEO of Entain between December 2023 and September 2024.
Isaacs’ departure comes as Entain prepares to publish its FY2024 financial results next month on 6 March. In the middle of January, the company reiterated that it would meet its FY24 EBITDA guidance despite recent customer-friendly sports results.
“Entain is making strong progress in delivering our strategic priorities. We would like to thank Gavin for his contribution,” commented David.
“The Board is pleased with the Group’s performance in 2024 and trading so far this year. As announced on 13 January 2025, FY2024 Group EBITDA is expected to be at the top of the £1,040m-£1,090m guidance range.
“The Board and management remain aligned on the Group’s focus on operational excellence and maximising shareholder value. I look forward to leading the business as we continue to accelerate our performance.”
With David becoming interim CEO, Senior Independent Director Pierre Bouchut will become Entain’s interim Non-Executive Chair.
Entain added that it is “comfortable with market expectations for FY2025” and that additional details regarding its FY24 performance and current trading will be part of its financial results next month.
