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Ladbrokes Seeks New Leadership as CEO Steps Down

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Ladbrokes plc, the global betting and gaming company, is currently engaged in a search for a new Chief Executive Officer after its current CEO, Christopher Bell’s announcement that he will be stepping down as a Director of the Company.  He has, however, agreed to stay on in his role until the summer.

Christopher Bell has been with the company for almost twenty years and after joining Ladbrokes in 1991, he was appointed as Managing Director in 1995.  After the sale of the Hilton International hotels division in February 2006, Christopher Bell was appointed as Chief Executive of Ladbrokes PLC.

"Chris Bell has made an invaluable contribution to the growth and development of Ladbrokes during his 20 years with the Company, nine-years as Chief Executive," said Peter Erskine, Chairman of Ladbrokes. "It has been agreed between the Board and Chris that this is an appropriate time to seek new leadership for the business.

"The Board is currently engaged in the search for a new Chief Executive to fully capitalise on Ladbrokes' brand strength and position the Company for a new era of profitable growth."

Mr Bell is not only CEO of Ladbrokes plc but also serves as Chairman of the Association of British Bookmakers, Chairman of the Bookmakers Committee, a non-executive and senior independent director of Game Group plc and a Board member of the Horserace Betting Levy Board.

Chris Bell reported that he was privileged to be the Chief Executive for Ladbrokes for nine years as it is a great company and he is proud of what they have achieved during that time.  He is looking forward to helping in whatever way he can to support the Company during the transition period.