The Chief Executive Officer of Ladbrokes Coral owner GVC Holdings, Kenny Alexander, is to step down from his role tomorrow and leave the gaming giant after serving 13 years with the company.
In March last year along with former GVC chairman Lee Feldman, Alexander sold a substantial amount of shares held in the company causing the share price to plummet, since then he has been instrumental in growing the fortunes of the company. As such news of Alexander’s imminent departure comes as somewhat of a shock to investors in the company.
Alexander who will be succeeded by current Chief Operating Officer Shay Segev, commenting on the news of his leaving GVC Holdings said: “I have spent the last four months working from home and reflecting on my future plans, and this feels like the right moment.”
In respect of Segev filling his position, Alexander stated: “As a shareholder, I know that our company will be in good hands.”
Current GVC Holdings Chairman Barry Gibson speaking about Alexander and the work he has undertaken during his tenure with the company, said: “We will miss him, but we also understand his wishes to hand over the reins after such as long and successful stint at the top of the company.”