Ladbrokes Names John Kelly Chairman of Board Ahead 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 additionally announced that Mark soreness was appointed as Non-Executive Director and Chairman of its Audit Committee.
Previous Ladbrokes Chairman Peter Erskine made general public his intentions to leave the Board on May 7, 2015. With 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 role to his successor. Mr. Kelly is likewise Chairman of the combined entity Ladbrokes Coral Plc, so long as the merger receives the required regulatory approval.
Commenting on their brand new post, Mr. Kelly stated he considers it a good honor become Chairman for the major gambling business, specially at this kind of crucial phase in its history. The state added they shall now follow the ‘aggressive natural plan’ introduced by CEO Jim Mullen and will strive towards the completion associated with the proposed merger.
Mr. Kelly additionally failed to miss to acknowledge their predecessor’s time and effort to ‘steer the business enterprise through a much needed modernization’ and their assistance during the times when the company was facing major challenges.