Leaver departs director role at Ladbrokes Coral
Carl Leaver has stepped down as a director of Ladbrokes Coral Group following completion of a one-year, fixed-term of appointment.
Leaver had been with the Gala Coral Group for a number of years prior to the merger with Ladbrokes and played a major role in the recent link-up.
Under an existing agreement, Leaver will receive his current salary, pension and benefits up until October 31, but not receive any further fixed pay, notice pay or severance after this date.
Leaver is also eligible to receive a discretionary bonus, subject to the delivery of certain synergy measures arising from the merger between the two companies.
John Kelly, chairman of Ladbrokes Coral said: “Over a period of six years, Carl led a major turnaround of the Gala Coral Group, culminating in the deal to merge with Ladbrokes to create Ladbrokes Coral Group.
“I would personally like to thank Carl for agreeing to join the newly merged company for a fixed one-year term to drive the integration of the two businesses.
“Working with the management team, his leadership has been critical to the delivery of synergies well over double the original target; he leaves a business well-positioned for the future and we wish him well.”
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