Neva Cordere, previously recognized as the head of the Cordere Group, has suggested the appointment of former Ladbrokes chief executive Chris Bell as its new non-executive leader.
Neva Cordere recommends former Ladbrokes CEO Bell for the non-executive leadership position – People – iGB
Bell currently holds the non-executive leadership position at XLMedia, a role he will leave to assume the new position at Cordere.
Home > People > Neva Cordere recommends former Ladbrokes CEO Bell for the non-executive leadership position
He will also step down from his position as an independent director at Rank Group to fully dedicate his time to Cordere.
Bell spent nearly two decades at Hilton Group/Ladbrokes, joining the company in 1991. He was appointed to the board in 2001 and became the chief executive of Ladbrokes in 2006 following the sale of the Hilton hotel division, a position he held until 2010.
Since 2009, Bell has also held a number of other high-level non-executive positions, including chairman of Game Group and Technfinancials, senior independent director of Quintain Estates and Development, and non-executive director of Spirit Pub Company and Gaming Realms.
Bell is also currently the non-executive chairman of Team17 Group, OnTheMarket, and a non-executive director of the Royal Air Force Benevolent Fund.
“Cordere has shown its fundamental strength, adaptability and leadership over the past four decades,” Bell stated.
Its truly thrilling to be a part of this undertaking and to lead the company into a new chapter. This signifies a return to expansion for the organization and strengthens its standing as a top multinational in the private gaming industry.
I am deeply appreciative of everyone’s faith in me and I pledge to generate value after steering through this challenging period. The company boasts an exceptional leadership team and talent pool who will undoubtedly unleash the company’s potential.
Regarding Bell’s departure from XLMedia, its chief executive, Stuart Sims, stated: “We are genuinely thankful for Chris’s remarkable contributions to XLMedia. I personally express my gratitude for his practical assistance and insightful guidance.
“Chris has been a staunch advocate for our restructuring to become more adaptable and align the business with emerging growth markets – a move we will finalize in the first half of this year – as well as the integration of three highly successful US acquisitions, which we believe will be crucial to our long-term success.”
The appointment remains contingent upon approval at the shareholder gathering on February 7th, when the newly established group will finalize the board composition.
Codere was acquired by creditors last November after a debt-for-equity exchange was agreed upon in April, as the previous company struggled to settle its mounting liabilities. The business was transferred to Codere New Topco SA, a holding company, with bondholders possessing 95% of the shares.
This also demonstrates the company’s reorganization through the establishment of four new entities in Luxembourg: Codere New Topco, Codere New Midco Sàrl, Codere New Holdco SA, and Codere Luxembourg 3 Sàrl.
Subscribe to the iGaming newsletter.
