Industry giant Entain has announced that Helen Ashton will take on the role of independent non-executive director, with immediate effect.
Sure, we call it an industry giant, but Entain's falling share price and lack of a permanent CEO means the job is tough for any new hires.
Ashton is currently a non-executive director and chair of the audit and risk committee at JD Sports. With over 30 years of professional experience, including senior management roles at Barclays, Asda and Lloyds Banking Group, as well as being Chief Financial Officer of ASOS plc, she will be an experienced addition to Entain’s Board of Directors. Ashton’s new appointment also makes her a member of Entain’s audit committee.
Commenting on Ashton's appointment, Barry Gibson, Entain's outgoing chairman, said: "On behalf of the Board, I would like to welcome Helen to Entain. Helen brings a wealth of retail, digital, finance and board experience. As part of the continued strengthening of the Entain Board, I am confident that Helen will further enhance the Board’s ability to support and oversee the implementation of our strategy.”
Gibson himself announced his retirement as CEO and chairman of Entain's board of directors in April this year. Stella David will take over from Gibson at the end of September this year.
Last month, the group came under legal sanctions again for allegedly failing to notify shareholders of legal proceedings related to bribery and corruption. The case ultimately cost Entain £585 million ($764 million); however, this latest development could leave the group exposed to another £100 million in legal claims.
Ashton has a wealth of experience that will make her a welcome addition to the Commission, helping it navigate these complex proceedings and bring this case to a close.
