888

888 rejigs Committee memberships as 2025 targets remain locked in

888 Holdings has made another round of adjustments to its senior leadership as the company works to reduce debt amid a growth of its international business.

Following the leadership reshuffle, Lord Mendelshon will take on additional duties as a member of the group’s Nominations Committee upon resuming his role as Non-Executive Chair of the FTSE100 gambling group.

Further changes will see the Audit Committee consist of Mark Summerfield as Chair and as Independent Non-Executive Director (NED), whilst Limor Ganot and Andrea Gisle Joosen will also fill Independent NED positions on the Committee.

The Remuneration Committee will be chaired by Andrea Gisle Joosen, Anne de Kerckhove and Limor Ganot as NEDS, as well as Anne de Kerckhove – a Senior Independent Director –  chairing the ESG Committee along with NED Ori Shaked  beside the aforementioned Summerfield.

Lastly, the Nominations Committee will be chaired by de Kerckhove with Shaked and Ganot, whilst the Gaming Compliance Committee will be chaired by Michael Alonso, with Summerfield and Shaked again making appearances.

2023 has thus far proven to be a transformative but also challenging year for 888 as the company’s business was significantly widened by the completed integration of the William Hill sportsbook and Mr Green casino brand.

The takeover has added William Hill’s retail portfolio of over 1,400 betting shops to the 888 product suite, as well as the company’s online sportsbook and casino platform alongside Mr Green’s igaming operations.

However, the £2.2bn purchase of William Hill from Caesars Entertainment – which sold the firm’s non-US assets whilst retaining its North American platform and tech – has seen 888 undergo some growing pains.

This has most notably included substantial debt, although the firm is making progress in reducing this figure, slashing debt by £68m to £1.6bn according to its H1 trading update. 888 also remains steadfast in working towards its objective of £2bn in revenue by 2025.

The latest round of leadership changes follows the appointment of Per Widerström as Group CEO in August. Prior to his induction in the SBC Hall of Fame at the SBC Summit Barcelona last month, Widerström reflected on his career and on industry leadership to SBC Media.

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