Ladbrokes changes non-executive board ahead of Coral merger

Ladbrokes has made a series of changes to its non-executive board ahead of its planned merger with Gala Coral.

Mark Clare has been appointed as senior independent director and chairman of the Social Responsibility Committee, while Stevie Spring becomes independent non-executive director and chairman of the Remuneration Committee.

Clare also becomes a member of the Nomination Committee and Remuneration Committee, with Spring being appointed as a member of the Audit Committee, Nomination Committee and Social Responsibility Committee.

Mark Pain has also been named as a member of the Remuneration Committee.

“As part of the merger, we undertook to appoint new non-execs and a SID that had not been part of either the Ladbrokes or Coral board prior to the announcement of the transaction,” Ladbrokes chairman John Kelly said.

“The expertise and experience they will bring will be a valuable addition to guiding the newly merged company on its journey to be an international industry leader.”

Meanwhile, existing non-executive directors, Sly Bailey and David Martin, have stepped down from the Ladbrokes board.

Kelly added: “I would also like to thank Sly and David for their significant contribution over the last seven and three years respectively. 

“The last few years have been both challenging and exciting and David and Sly leave the business in the best shape for the opportunities ahead.”

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