BUSINESS

Ladbrokes Exits: Ciaran O’Brien leaves for Hill; Richard Glynn gets £846,000 and more

TAGs: Ciaran O'Brien, Jim Mullen, Ladbrokes, Richard Glynn, William Hill

Ladbrokes Director of Corporate Affairs Ciaran O’Brien has resigned to join competitor William Hill as Director of Corporate Communications.

Ladbrokes Exits: Ciaran O’Brien leaves for Hill; Richard Glynn gets £846,000 and moreO’Brien joined Ladbrokes in 1994 and has held a key role in molding Ladbrokes Plc’s corporate communications and public affairs.

“I’ve had a fantastic ten years at Ladbrokes but William Hill has offered me a great opportunity to lead their communications as the business continues to expand. I’m very much looking forward to working with them. I wish all at Ladbrokes the best and particularly [new CEO] Jim Mullen as he takes the reins. The communications team has all been fantastic to work with and I will certainly miss them.”

“I’m delighted Ciaran will shortly be joining William Hill in the newly created role of communications director,” said David Steele, William Hill’s director of corporate affairs. “Ciaran has a wealth of experience in the betting industry, communications, media and public affairs and is a welcome asset to what is already a strong team.”

Meanwhile, former CEO Richard Glynn, whose resignation was announced in December, will be paid £846,000, equivalent to a year’s salary of £580,000 plus pension entitlements and other benefits.

He will also receive up to £800,000 in lieu of a bonus for this year and will remain entitled to shares worth about £1.9 million.

Ladbrokes has also agreed to provide Glynn with life insurance, which covers 12 months (equal to four times salary) and the cost of a private health check. The company will also permit him to retain a laptop and mobile phone and continue to provide CCTV security at Glynn’s home for a certain period.

Punter wins £279,830 while killing time at Ladbrokes shop in London Victoria

An unknown train passenger, diverted to London Victoria station by Easter engineering works, killed time by placing a mammoth 17-fold accumulator across Europe’s top divisions for the weekend. The punter saw his £20 flutter win him £279,830 after Paris Saint-Germain’s comeback victory over Marseille on Sunday evening.

“Bank holiday rail works are usually always bad news but one Easter traveller made it pay in style thanks to an Ibrahimovic-inspired PSG comeback,” said Alex Donohue of Ladbrokes. “The winner was probably cursing his luck when he found out his train was being diverted but we’re not sure he minds now.”

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