Shares of Entain PLC (LSE:ENT) slipped 3.5% on Thursday after the sports betting and gaming group revealed that Chief Financial Officer Rob Wood will be leaving the company in 2026, concluding a 13-year tenure.
The FTSE 100 company confirmed that Michael Snape will take over as Group CFO and Executive Director on March 6, 2026. Snape, who brings more than 20 years of senior finance experience, is set to join as CFO Designate in February 2026. Wood will remain at the business until June 2026 to support a seamless handover.
Wood has played a pivotal role in reshaping Entain into a major global operator firmly anchored in regulated markets. His exit comes as the firm continues advancing its strategic agenda across the betting and gaming landscape.
“His expertise and dedication have helped us to successfully transform into the global business we are today,” said Group CEO Stella David, reflecting on Wood’s contributions.
Snape currently serves as Group CFO of International Distribution Services (IDS), a global logistics provider. His background also includes senior finance positions at Walgreens Boots Alliance, Tesco, and Waitrose.
Entain added that trading so far this year remains consistent with market expectations for fiscal 2025. The company plans to publish its FY2025 results on March 5, 2026, with analyst estimates pointing to EBITDA of £1.139 billion.
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