GVC Holdings PLC Changes to Board Composition (5506Q)
June 06 2018 - 11:00AM
UK Regulatory
TIDMGVC
RNS Number : 5506Q
GVC Holdings PLC
06 June 2018
6 June 2018
GVC Holdings PLC
("GVC", the "Company")
Changes to the Board's Composition
GVC Holdings PLC (LSE: GVC), the multinational sports betting
and gaming group, is pleased to announce the appointment of
Virginia McDowell to the Company's Board as an independent
non-executive director with immediate effect.
Virginia has 35 years of experience working in the US gaming
industry and is the current Vice Chairperson of Global Gaming
Women, a non-profit organisation with a mission to support, inspire
and influence the development of women in the gaming industry
through education and mentoring.
Virginia was the President and CEO of Isle of Capri Casinos,
Inc. in the United States from 2011 until her retirement in 2016,
and the president and COO of Isle of Capri from 2007 to 2011. Prior
to this she was the Chief Information Officer at Trump
Entertainment Resorts from 2005 to 2007 and Senior Vice President
of operations, sales and marketing at Argosy Gaming Company from
1997 until that business was acquired in 2005. From 1984 to 1996
Virginia was promoted through various roles in Tropicana Casino and
Resort before departing as Vice President of business development
in 1996.
There are no other disclosures to be made for Virginia McDowall
under Listing Rule 9.6.13.
Lee Feldman, GVC's Chairman, commented:
"I am very pleased to welcome Virginia to the Board. She brings
extensive experience in gaming operations and strategy at
significant scale. Her perspectives on the US market should prove
invaluable as we pursue the potential in the US for significant
expansion in the regulated sports betting market and online gaming
as well as bring a fresh US perspective to our activities in other
markets."
In conjunction with this appointment, Will Whitehorn has today
stepped down as a non-executive director. Stephen Morana, an
existing non-executive director and Chairman of the Audit
Committee, succeeds Will as the new Senior Independent Director.
With the current ongoing recruitment exercise, the Company is in
the process of selecting a new independent non-executive director
who will succeed Stephen as Audit Committee Chair. An announcement
regarding this appointment will be made in due course.
Lee Feldman, commented:
"I would like to thank Will for his valuable contribution during
a key chapter in GVC's development as we enhanced our governance
practices in-line with the growth of the Company and more recently
following the acquisition of Ladbrokes Coral. Will has offered to
step down as a director to help the Company deliver on its
commitment, as detailed in our 2017 annual report, to bring greater
diversity and international perspective to the composition of the
Board. We wish Will well with his future endeavours."
- ends -
LEI: 213800GNI3K45LQR8L28
For further information:
GVC Holdings PLC
Kenneth Alexander, Chief Executive
Paul Bowtell, Chief Financial Officer
Nick Batram, Director of Investor Relations & External Communications
Paul Tymms, Head of Investor Relations (investors@gvc-plc.com)
Media enquiries:
Buchanan Communications
David Rydell/Henry Harrison-Topham/Chris Lane Tel: +44 (0) 20 7466 5000
About GVC
GVC Holdings PLC 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 bwin, Coral, Crystalbet, Eurobet, Ladbrokes
and Sportingbet; Gaming Brands include CasinoClub, Foxy Bingo,
Gala, Gioco Digitale, PartyCasino and partypoker. The Group owns
proprietary technology across all of its core product verticals and
in addition to its B2C operations provides services to a number of
third-party customers on a B2B basis. GVC acquired Ladbrokes Coral
Group plc on 28 March 2018 and is now the UK's largest high street
bookmaker, with over 3,500 betting shops. The Group, incorporated
in the Isle of Man, is a constituent of the FTSE 250 index and has
licences in more than 20 countries, across five continents.
For more information see the Group's website:
www.gvc-plc.com
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END
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