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Entain finance chief to step down
(Sharecast News) - The chief financial officer of Ladbrokes-owner Entain is to step down after 13 years with the gambling and gaming group, it was announced on Thursday. Rob Wood, who is also deputy chief executive, will leave in March 2026
He is being replaced by Michael Snape, who as chief financial officer of International Distribution Services recently led the Royal Mail parent's de-listing and sale.
He will join as chief financial officer designate in February, before taking up the role officially on 6 March.
Wood said: "With Entain's and BetMGM's pathway to long-term success well established, now is the right time for me to pass the reins on."
Snape said: "I am thrilled to be joining Entain at such an exciting time in its growth and transformation story." Prior to joining IDS, Snape worked at Walgreens Boots Alliance as chief financial officer of Boots, No7 Beauty and International.
Entain also noted that trading in the year to date continued to be in line with market expectations.
Results for the 2025 financial year are due to be released on 5 March 2026. Consensus is for earnings before interest, tax, depreciation and amortisation of £1.14bn.
The blue chip owns a host of gambling and gaming brands alongside Ladbrokes, including Coral, Eurobet, Foxy Bingo and Partypoker. It also has a 50:50 joint venture, BetMGM, in the US.
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