Thursday May 7,2015 : LADBROKES CHAIRMAN CALLS IT A DAY
Peter Erskine steps down after six years in the hot seat.
Peter Erskine, the chairman of the Ladbrokes online and land gambling group for the past six years, has announced his intention to step down this year, and will assist the company in finding a successor and ensuring an efficient transfer of authority.
A search for his replacement is already underway, led by John Kelly, a senior non-executive director of the company.
Erskine, who was appointed chairman in 2009, said Thursday:
“Since becoming Chairman six years ago, Ladbrokes has undertaken the necessary and difficult journey to modernise much of our business operations to enable us to compete more effectively in a rapidly changing digital market and a challenging retail and political environment. In that time real progress has been made.
“In recent months I, and the Board, have overseen the transition from Richard Glynn to a new CEO, Jim Mullen. I feel that now, with stronger foundations in place and with our new CEO looking to build on the changes made, it is the right time for there to be a change in Chairman to one who will be able to see out the entirety of the next stage of the journey.
“It has been a real honour to be the Chairman of Ladbrokes for these past six years. The search for my successor will begin now and I will step down when my successor is in place. Until that time, my focus will be on helping Jim formulate and then implement his plans for the business.”