Entain Plc has announced the appointment of Jette Nygaard-Andersen as its new CEO, as she takes over from Shay Segev as he officially steps down.
Having served as a non-executive director of Entain since 2019, Nygaard-Andersen has guided the FTSE100 firm on the recent group transformation and development of its new corporate charter.
Confirming Nygaard-Andersen’s appointment, Entain highlighted the executive’s 20-year track record in leading mass-market ‘operational roles in media, entertainment, sport and digital businesses’. Prior to her new role, she held executive roles at Modern Times Group as well as working for Danish logistics company, Moeller-Maersk.
Nygaard-Andersen stated: “I am very excited to have the opportunity of continuing the extraordinary momentum that Entain has in its existing markets, as well as helping it enter new regulated markets and reach new audiences.”
Alongside Nygaard-Andersen’s appointment, the betting group confirmed that Rob Wood – current Group CFO – will take on the duties of Deputy CEO with immediate effect. The role will see him take charge of the group’s M&A strategy as a well as its retail footprint.
The new leadership duo of Nygaard-Andersen and Wood will be tasked with recruiting a new Chief Operations Officer, after it was revealed that long-term group technical lead Sandeep Tiku takes a seat on Entain’s board.
Barry Gibson, Entain’s Chairman, said: “We are extremely fortunate to have such an outstanding candidate and readymade CEO in Jette. She is already deeply immersed in Entain’s strategy and clearly shares our ambition to be the world leader in sports betting and gaming entertainment.
“Jette and I have been immensely impressed by Rob. He is extremely well regarded internally and externally, and the additional responsibilities will enable him to further develop his operational skills as well as overseeing a key tenet of our growth ambitions through M&A.
“Sandeep has been integral to the development of Entain’s unique proprietary technology platform, which is a source of significant competitive advantage. His appointment not only reflects his contribution to the success of Entain but is also aligned with our aim to have a broader range of experiences and inputs on the Board.”