# Entain CEO Jette Nygaard-Andersen to step down

- Link: https://www.directorstalkinterviews.com/entain-ceo-jette-nygaard-andersen-to-step-down/4121135958
- Published: 2023-12-13T07:08:29+00:00
- Author: Amilia Stone

**[Entain plc](https://www.directorstalkinterviews.com/ftse-company/entain-plc/ent.l)**(
LON:ENT), the global sports betting and gaming group, has announced that Jette Nygaard-
Andersen, Chief Executive Officer, has informed the Board that she wishes to stand
down from the Group with immediate effect.

The Board has asked Stella David, currently a non-executive director, to become 
Chief Executive Officer on an interim basis.  Stella will start this week and will
remain in the role until a permanent replacement has been found.

> **Barry Gibson, Chairman of Entain, said:** “Under Jette’s leadership, Entain 
> has executed a fundamental strategic shift towards regulated or regulating markets,
> overhauled its governance, transformed its operations, and significantly improved
> its customer offering.
> Jette’s decision to leave comes after the resolution of HMRC’s investigation into
> the Company’s legacy Turkish-facing business.  She has offered exceptional leadership
> during what has been a hugely challenging period.  It is no exaggeration to say
> that the HMRC investigation posed a number of threats to our Group.  As the court
> last week recognised in approving a deferred prosecution agreement (DPA), had 
> the matter not been resolved by way of a DPA, the consequences to the company 
> and all of its stakeholders could have been disproportionate.  The overhaul of
> the business model, strategy and culture of the Group in recent years was vital
> to securing the successful conclusion of a DPA process.
> We are all indebted to Jette for her dedication to steering the company through
> such a difficult time.  She has also led the executive team in devising a new 
> commercial strategy that I am confident will lead to stronger organic growth and
> a more profitable Entain.  On a personal note, I am sorry to see Jette leave the
> business.
> In Stella David we are hugely fortunate to have an intensely commercial leader
> with a long track record of success across multiple industries.  I am confident
> that she will quickly help to set us on the path to achieving our strategic aims
> while we conduct a rigorous search for a permanent CEO.”

> **Jette Nygaard-Andersen said:** “The past three years have been rewarding and
> challenging in equal measure.  The resolution of the HMRC investigation into the
> legacy business, which was sold by a former management team in 2017, offers a 
> clean inflection point for me and for Entain.  The Group is now safe, stable and
> sustainable and I believe that this is the right time to move on to other business
> and career opportunities.”

> **Stella David said:** “I have been a Director of Entain for almost three years
> and have seen up close the extraordinary hard work that Jette and her team have
> put in overhauling the culture and practices at Entain.  I look forward to helping
> to build on the strong foundations for future commercial success that she leaves
> behind her.”

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