In the interim, Stella David, currently serving as Entain’s non-executive chair, will once again assume the role of CEO until a permanent successor is appointed.
David previously served as interim CEO from December 2023 to September 2024.
Pierre Bouchut, a senior independent director of the company, will assume David’s position as non-executive chair on an interim basis.
The sudden leadership change comes just months after replace Jette Nygaard-Andersen, who resigned in December 2023.
Isaacs, a gaming industry veteran with 25 years of experience, had been expected to bring stability and strategic focus to the company.
Entain is “making strong progress”
Despite the abrupt shift at the top, Entain reassured investors that the company remains on course to meet its financial targets.
David expressed confidence in the business’s trajectory, stating: “Entain is making strong progress in delivering our strategic priorities. We would like to thank Gavin for his contribution. The board is pleased with the group’s performance in 2024 and trading so far this year.”
She added that as previously communicated, FY2024 group EBITDA is expected to be at the top of the £1.04bn to £1.09bn guidance range.David also reaffirmed Entain’s commitment to operational excellence and shareholder value, emphasising that the company remains “comfortable with market expectations for FY2025.”
“The board and management remain aligned on the group’s focus on operational excellence and maximising shareholder value. I look forward to leading the business as we continue to accelerate our performance,” David said.
The group’s full-year results for 2024, along with an update on current trading, are set to be released on 6 March.
Isaacs’ short tenure
During his brief stint as CEO, Isaacs endorsed David’s strategic direction, emphasising organic growth, margin expansion, and strengthening Entain’s position in the US market.
He prioritised refining Entain’s core platform to improve efficiency and empower local teams.
His approach was not about radical transformation but rather strategic fine-tuning. “Just like with other companies I’ve been involved with, getting the product right is the key to ultimate success,” Isaacs said during an earnings call last year.
The search for a permanent CEO will be closely watched, as the company looks to secure long-term leadership stability.
Entain’s shares dropped nearly 10% at market open.
