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Ladbrokes Names John Kelly Chairman of Board Ahead of Coral Merger

Ladbrokes Names John Kelly Chairman of Board Ahead of Coral Merger

UK-based betting and gaming operator Ladbrokes plc announced the appointment of John Kelly as Chairman of the company’s Board today. Mr Kelly has had the post instantly, after former Ladbrokes Chairman Peter Erskine stepped down from the position on 3 december.

The gambling company also announced that Mark soreness has been appointed as Non-Executive Director and Chairman of its Audit Committee.

Previous Ladbrokes Chairman Peter Erskine made general public his motives to go out of the Board May 7, 2015. With all the shareholder that is overwhelmingly positive for the proposed £2.3-billion merger with rival operator Coral Group, Mr. Erskine left the Board formally, handing the role to his successor. Mr. Kelly is likewise Chairman regarding the combined entity Ladbrokes Coral Plc, so long as the merger receives the necessary regulatory approval.

Commenting on his brand new post, Mr. Kelly said it a great honor to be Chairman of the major gambling company, especially at such an important stage in its history that he considers. The state added which they will now stick to the ‘aggressive natural plan’ introduced by CEO Jim Mullen and will work hard towards the conclusion regarding the proposed merger.

Mr. Kelly also failed to miss to acknowledge their predecessor’s time and effort to ‘steer business through a much needed modernization’ and their help during the occasions when the organization was facing challenges that are major. Read more