TIDMENT
RNS Number : 4400Y
Entain PLC
03 January 2024
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
James Morris secretary@entaingroup.com
Investor Relations - Entain plc investors@entaingroup.com
David Lloyd-Seed, Chief IR & Communications
Officer
Davina Hobbs, Head of Investor Relations
Aimee Remey, VP US Investor Relations
Callum Sims, IR Manager
Media - Entain plc media@entaingroup.com
Lisa Attenborough, Head of Corporate Communications
Jay Dossetter, Head of Corporate PR
Jodie Hitch, PR Manager
Powerscourt Tel: +44 (0) 20 7250
Rob Greening/Russ Lynch/Sam Austrums 1446
entain@powersco urt-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
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END
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January 03, 2024 02:00 ET (07:00 GMT)
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