London-listed betting and gaming operator GVC Holdings has named JM Barry Gibson as its next non-executive chairman.
Gibson has been appointed as a non-executive director with immediate effect and will take over as chair next year from incumbent Lee Feldman, who will be stepping down after 11 years in the role on 27 February.
Gibson has served as chair of London-listed home emergency repairs business HomeServe for the past nine years and has extensive experience in the gambling sector, having previously served as a non-executive director at William Hill and senior independent director at bwin.party digital entertainment.
He also has a long track record in the retail sector, having previously held the role of group retailing director at airport operator BAA, group chief executive of Littlewoods, and non-executive director of both Somerfield and National Express.
“Our criteria for the new chairman included significant gambling sector experience, a demonstrable track-record of success on a range of high-profile public company boards, and a deep understanding of the evolving corporate governance landscape,” said GVC senior independent non-executive director Stephen Morana. “After an extensive search, Barry stood out as exceeding all of those criteria, and we are delighted that someone of his calibre and experience is joining GVC to help us realise our ambitious plans for future growth.
"On behalf of the board I would also like to thank Lee Feldman for playing such an instrumental role in GVC's transformation from a small AIM listed business to a major Main Market, premium listed company. We wish him the very best for the future."
Commenting on his appointment, Gibson said: “I am delighted to be joining GVC at such an exciting point in its growth trajectory. I have been involved in a number of companies in the gambling sector over many years, and it is immediately clear to me that GVC has industry-leading technology, products, brands, marketing capabilities and people.
“As such, I see enormous potential for this business and am looking forward very much to helping GVC to be the most successful and responsible operator in the sector."
Shares in GVC Holdings plc (LSE:GVC) were trading marginally down 11 per cent at 798.69 pence per share in London Monday morning.