Entain Faces CFO Transition Amidst Stable Trading Expectations

Entain plc (LON: ENT), the global sports betting and gaming group, announced a significant leadership transition within its financial division. Rob Wood, the Group Chief Financial Officer (CFO) and Deputy CEO, will step down in 2026 after 13 years with the company.

Markets reacted mildly to the news, suggesting investors are focused on the company’s operational performance rather than the CFO transition, which is well planned and telegraphed.

Michael Snape has been appointed as Wood's successor, effective March 6, 2026. Snape will join Entain as CFO Designate in February 2026, ensuring a smooth handover. Wood will remain with Entain until June 2026 to assist in the transition.

Snape brings over two decades of experience in senior finance and leadership roles. His previous role was as Group CFO at International Distribution Services (IDS), where he recently oversaw its delisting and sale. Prior to IDS, Snape held CFO positions at Walgreens Boots Alliance and Tesco plc.

Stella David, Group CEO of Entain, expressed gratitude for Wood's contributions, highlighting his role in the company's growth and strategic transformation. She also welcomed Snape, emphasizing his expertise and experience as valuable assets for Entain's future. CEO David stated, “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.”

Wood reflected on his tenure, expressing pride in Entain's transformation and confidence in its future prospects. Snape conveyed his enthusiasm for joining Entain during this pivotal phase.

Entain reaffirmed that year-to-date trading is in line with market expectations for FY25. The company's FY2025 results are scheduled for release on March 5, 2026.

Quick Stat: The company compiled consensus FY25 EBITDA is £1139m, as of December 10, 2025.