This penalty was related to historical failings that predated her time as CEO. Shareholders will be hoping this is the beginning of a repair job after seeing their investment lose 47% of its value in only two years.ĭuring her tenure, Nygaard-Andersen navigated several challenges, including a £585 million bribery financial penalty that Entain had to pay HMRC. Stella David, a non-executive director, has been appointed as interim CEO. The company's share price saw a 5% increase following the announcement of Nygaard-Andersen's resignation. Nygaard-Andersen's leadership has long been under scrutiny from activist investors, including Eminence Capital, Sachem Head Capital Management, and Dendur Capital, who have expressed dissatisfaction with the company's financial performance.ĭespite this, Nygaard-Andersen doubled her shareholding last month, seemingly demonstrating confidence in her ability to turn the company's fortunes around. News of her resignation marked an immediate recovery.

Nygaard-Andersen's tenure, which began in January 2021, has been marked by a significant drop in the company's share price, which has fallen by more than a third. Her departure from the company comes in the wake of a £615 million settlement following an investigation into a bribery case concerning a business Entain owned in Turkey. Jette Nygaard-Andersen, the CEO of Entain, the parent company of Coral and Ladbrokes, has resigned with immediate effect.

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