Entain has announced long-term CFO and deputy CEO Rob Wood will depart the operator in March 2026.
Wood, a 13-year stalwart at the FTSE 100 company, will be replaced by Michael Snape, the CFO of global logistics company International Distribution Services (IDS).
Snape will join the Ladbrokes, Coral and bwin parent in February 2026 as CFO designate, with Wood stepping down from 6 March.
Wood will also step down from his position on the Entain board. The exec will remain with the operator until June to ensure an “orderly transition of responsibilities”.
Wood, a former KPMG and Rothschild head, served as CFO of the group’s retail arm when he first joined.
He was named group CFO in March 2019 and deputy CEO in January 2021.
Incoming CFO Snape has extensive background in UK supermarket sector, having worked for Sainsburys, Waitrose and Tesco.
He joined IDS, which is the parent company of the Royal Mail, as CFO in January 2024.
He previously served as CFO of Boots, No7Beauty Company and International for Walgreens Boots Alliance.
Entain said Wood and Snape’s respective remunerations would be “in line with our remuneration policy”. Full details will be published at a later date.
Speaking on his exit, Wood said: “It has been a privilege and a pleasure to be part of Entain’s growth over the last 13 years, and I am proud of the transformation the group has undergone during that time.
“With Entain’s and BetMGM’s pathway to long term success well established, now is the right time for me to pass the reins on, and I am confident that the group has an extremely bright future.”
Stella David, Entain CEO, added: “On behalf of the board and everyone at Entain, I would like to express my sincere thanks to Rob for the tremendous contribution he has made to the group.
“His expertise and dedication have helped us to successfully transform into the global business we are today. We wish him all the very best for the next chapter of his career.”
“I am delighted to be welcoming Michael to Entain. His seasoned leadership, financial and operational expertise and international experience will be invaluable as we continue to execute our strategic priorities.
“I look forward to working closely with Michael to deliver Entain’s exciting potential in the years ahead.”
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The post Entain CFO and deputy CEO to depart in March first appeared on EGR Intel.
Company stalwart Rob Wood to be replaced by former Boots finance chief Michael Snape, bringing an end to a 13-year association with Entain
The post Entain CFO and deputy CEO to depart in March first appeared on EGR Intel.