U.K. gaming operator Ladbrokes has named Richard Glynn as its new chief executive officer.?
Glynn, 45, is currently chairman of spread betting firm Sporting Index, where he was named CEO in 2001. He will receive a base salary of £580,000 plus bonuses. If the stock of Ladbrokes were to double from its current price, Glynn could profit by an additional £12 million.?
Starting on April 22, Glynn will replace Chris Bell, said in January that he would end his 20-year career at Ladbrokes. Bell will stay on for a transitional period.