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Ian Bull steps down as Ladbrokes CFO

Ladbrokes Plc has confirmed that CFO Ian Bull will step down from his executive role in February next year, following the planned completion of the Ladbrokes Gala Coral Group merger.

Ladbrokes Gala Coral merged financial operations will be headed up by Gala Coral CFO Paul Bowtell. Ladbrokes further informed that should the merger be completed before schedule, Bull will exit the company after completion.

Bull was appointed Ladbrokes CFO and director in 2011. It was reported in UK media that Bull had offloaded his shares in Ladbrokes last month following the announcement of the merger.

Ladbrokes chairman Peter Erskine said in a short statement confirming Ian Bull’s decision to step down: “Ian has worked tirelessly through what have been challenging times and has helped steer Ladbrokes to this exciting point in its journey. We are pursuing an aggressive organic plan to build a stronger Ladbrokes as well as working on the proposed merger with the Coral Group, which will create a leading betting and gaming business and deliver substantial synergies,”

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