888 names Lord Mendelsohn as chair designate

Sports betting and igaming operator 888 has appointed Lord Jon Mendelsohn, former director of general election resources for the Labour Party, as its chair designate and a non-executive director with immediate effect.

He will succeed Brian Mattingley as chair of 888’s board, with the latter set to stand down from the role at the operator’s next annual general meeting in May 2021.

The appointment, which followed an extensive search by the board nominations committee, will also see Mendelsohn join the remuneration and audit committees.

“888 is a company that I have long admired during my more than 20 years working with companies in the gaming and gambling industries,” Lord Mendelsohn said.

“The group has a number of very exciting opportunities and I am looking forward to working closely with the board and the management team to continue to deliver the group’s growth strategy and generate further stakeholder value.”

888 is due to announce its results for the first half of the year on 30 September.

In June, 888 said it expects to post higher-than-forecast earnings before interest, tax, depreciation and amortisation (EBITDA) for 2020, mainly due to a structural shift towards online services and growth in poker amid the novel coronavirus (Covid-19) pandemic.

[image:pixabay]

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