Ladbrokes to undergo international reshuffle
Damian Cope is to leave the position of managing director, international of operator Ladbrokes, as part of a restructure of its international operations.
Nine other roles in the centrally-based international team are to be placed at risk of redundancy.
Cope has been in the role since July 2012 and previously served as development director of Ladbrokes egaming between 2000 and 2001, as well as managing director, ecommerce and group CIO of operator Gala Coral between 2005 and 2011.
Ladbrokes outlined that the plans did not include changes to existing locally-based management teams.
Ladbrokes CEO Jim Mullen said: “Our international businesses each have strong management teams and do not require extensive support from a centrally-based international team.
“This move will reduce costs and bring the international businesses closer to our exco team. The resulting savings will enable us to support the increased investment in our digital business which is essential to the future of the group.”
Mullen replaced Richard Glynn as CEO in April.
Ladbrokes announced on Monday that it has held discussions with Coral over the possibility of a merger of Ladbrokes and Coral Retail, Eurobet Retail and Gala Coral’s online businesses (Coral Group).
The company’s Business Review, which is due to be held on Tuesday, could be rescheduled depending on the progress of the discussions.
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