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UK – Ladbrokes appoints Jim Mullen as Chief Executive Officer

By - 20 March 2015

The Board of British bookmaker Ladbrokes has appointed Jim Mullen to be the next Chief Executive taking over on April 1 from Richard Glynn.

Jim Mullen is currently the Managing Director of Ladbrokes Digital having joined the business in November 2013 after three years at William Hill where he was COO of their on line operations.

Since arriving at Ladbrokes he has led the operational transformation of Ladbrokes’ Digital business delivering new products, new systems and established a strong working relationship with our partners, Playtech.

Peter Erskine, Chairman of Ladbrokes, said: “We conducted an extensive search to identify Richard Glynn’s successor. We attracted a number of strong external candidates. We wanted a combination of industry experience with strong digital skills, a proven record of operational delivery and the leadership ability to capitalise on the opportunities for growth that are now ahead of us.

“Since Jim’s arrival in the business, less than 18 months ago, he has helped transform our Digital operations. He has built and led a strong team and won the respect of his colleagues and the confidence of the Board through successful delivery of a new competitive and innovative digital offer that has delivered growth.

“The Board is confident that Jim can use the leadership qualities he has displayed in the Digital team to take forward the wider Ladbrokes’ business. Ladbrokes has gone through extensive change and Jim’s task will be to build on the strong foundations laid and make us compete even more effectively, deliver a robust growing business and build scale. He faced tough competition from strong external candidates but emerged as the unanimous choice.”

Jim Mullen said: “I am delighted to become Chief Executive of Ladbrokes. The business has undergone rapid change and we have laid good foundations from which to grow but there remains much to do. We have a strong brand, competitive products and excellent people throughout the business. I am looking forward to working with my colleagues to make the most of the opportunities ahead to grow the Ladbrokes business.”

Richard Glynn will step down from the post of Chief Executive and leave the Board on the 31st March 2015. In accordance with section 430 (2B) of the Companies Act 2006 details of his termination arrangements (including damages under his service contract) will be available from 31st March 2015 on the Ladbrokes plc website.

Jim Mullen will be paid a salary of £500,000 as Chief Executive and will be appointed a Director of the Company immediately following the conclusion of the Annual General Meeting on 7 May 2015.

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