London-listed betting and gaming operator Entain has named Michael Snape as its next chief financial officer, effective March 2026.

Snape takes over as finance chief from Rob Wood, who is stepping as CFO and deputy chief executive after 13 years with the Group.

Snape will join Entain as CFO-designate in February and will officially take over as CFO and join Entain’s board of directors on 6 March.

He will be supported by Wood, who will remain with the company until June 2026 to ensure an orderly transition of responsibilities.

“On behalf of the Board and everyone at Entain, I would like to express my sincere thanks to Rob for the tremendous contribution he has made to the Group,” said Entain chief executive Stella David. “His expertise and dedication have helped us to successfully transform into the global business we are today. We wish him all the very best for the next chapter of his career.”

“I am delighted to be welcoming Michael to Entain,” David added. “His seasoned leadership, financial and operational expertise, and international experience will be invaluable as we continue to execute our strategic priorities. I look forward to working closely with Michael to deliver Entain’s exciting potential in the years ahead.”

Snape will join Entain from global logistics company International Distribution Services (IDS), where he is currently Group CFO and recently led its de-listing and sale. He previously served as CFO of retailers Boots, Tesco, Waitrose and J Sainsburys.

“I am thrilled to be joining Entain at such an exciting time in its growth and transformation story,” said Snape. “I look forward to working with Stella, the Board and the leadership team to deliver value for all Entain’s stakeholders.”

Wood added: “It has been a privilege and a pleasure to be part of Entain’s growth over the last 13 years, and I am proud of the transformation the Group has undergone during that time. With Entain’s and BetMGM’s pathway to long term success well established, now is the right time for me to pass the reins on, and I am confident that the Group has an extremely bright future.”

Shares in Entain plc. (LSE:ENT) closed 2.18 per cent lower at 743.20 pence per share in London Thursday.