GVC Chairman to Step Down
By Simon Wright, Last updated Feb 10, 2021
Lee Feldman the chairman of GVC is to step down from his role at the gambling giant, this follows the news that Feldman along with CEO Kenny Alexander sold a large percentage of their respective shareholdings earlier this month. With the subsequent result seeing a run on GVC shares, which saw the share price fall by as much as 20% at one stage.
According to a report by Sky News, Feldman will have left the company by the time of GVC’s next Annual General Meeting which is to be held next year.
The British Newspaper the Daily Mail, goes on to state their source as saying that boardroom pay for Feldman and Alexander has caused raised eyebrows among investors, with Feldman and Alexander receiving nearly £50m between them over the past two years.
GVC Holdings own high profile brands such as Ladbrokes Coral, Foxy Bingo, BWin and betting exchange BetDaq.