GVC Holdings has confirmed that its Managing Director for retail in the UK and Ireland Mark Chambers will step down from the position in March 2020, due to be succeeded by Andy Hicks.
The announcement marks a shake-up for the operator’s retail division, which has already undergone a number of changes due to FOBT legislation and subsequent shop closures.
Hicks will assume Chambers’ role following his promotion from the position of retail operations director.
A statement from GVC, the parent company of Ladbrokes Coral, said: “GVC is pleased to confirm that Andy Hicks has been promoted to the position of MD of retail for the UK and Ireland. The appointment follows the decision of Mark Chambers to move on from the business in the new year.
“Andy brings huge experience and expertise to the role, having spent over a decade with the business in various senior operational positions, most recently as retail operations director.”
Chambers will remain with the business in a consultative role until March 2020, “to ensure a smooth handover of responsibilities.”
Chambers previously held the position of financial controller at Coral, before returning to Coral as finance director. He then became chief operating officer for retail at Coral and then Ladbrokes Coral.
GVC added: “It’s just over 18 months on from the Ladbrokes Coral acquisition, and with significant ongoing growth, there is a natural level of change across the business. We would like to congratulate Andy Hicks for his well-deserved promotion and wish Mark every success in future.”