Entain shrinks board size as Gregory and Jarman exit NED duties

The board of Entain Plc has announced that Mark Gregory and Vicky Jarman will no longer serve as non-executive directors of the FTSE100 gambling group.

The NED duo who joined Entain in 2021 have both given notice of their decision to step down from all corporate governance duties as of 17 February 2023.

M&A and corporate finance expert Mark Gregory is the former Chief Executive of Merian Global, a former London asset management firm that the Jupiter fund acquired in 2020 for £400m.

Gregory’s appointment coincided with Entain’s announcement of a new leadership team formed by CEO Jette Nygaard-Andersen and deputy Rob Wood following the surprise departure of Shay Segev to DAZN.

On his appointment, Gregory would serve as Chair of the FTSE group’s renumerations committee and held a seat on Entain’s audit and nomination boards.

Further board changes in the first half of 2021 saw Entain appoint former Lazard and Co executive Vicky Jarman as a corporate advisor.

A seasoned director of UK Plcs, Jarman had previously served as a NED and chair of the audit committees of Equiniti Group, Hays and De La Rue – and was recognised as an expert in strategic investments, auditing and capital management.

“On behalf of the Board, I would like to thank Mark and Vicky for the important contributions both have made to Entain and wish them well for the future.” – read a statement by Entain Chairman Barry Gibson.

The departures see Entain reduce the size of its board from eleven to nine members, which includes Jette Nygaard-Andersen and Rob Wood.

No comment was made as to whether the board would seek to nominate new NEDs to replace Gregory and Jarman.  Entain will announce its full-year 2022 results on 9 March.