Ladbrokes owner GVC Holdings PLC (LON:GVC) has appointed Barry Gibson, a seasoned betting firm director and current chair of Homeserve PLC (LON:HOME) as its new non-executive chairman, replacing Lee Feldman who has held the role for 11 years.
Gibson has been chairman of Homeserve since April 2010, having previously served as director at rival gambling firm William Hill PLC (LON:WMH), poker website bwin.party digital entertainment, and bus company National Express PLC (LON:NEX).
In a statement, GVC said Gibson joined its board as a non-executive director on Monday, ahead of Feldman’s departure on 27 February 2020, when he will succeed him as chairman.
GVC noted Gibson’s “significant gambling sector experience, demonstrable track-record of success on a range of high-profile public company boards, and a deep understanding of the evolving corporate governance landscape” in his selection for the role.
The company also thanked Feldman for his “instrumental role in GVC's transformation from a small AIM listed business to a major Main Market, premium listed company”.
Feldman’s departure comes after the Financial Reporting Council revised its corporate code in January, now requiring public companies to explain if a board chair has remained unchanged for over nine years.