The Board of Directors of Nueva Codere1, held on Tuesday, has agreed on the proposal for appointing of Christopher Bell as an Independent Director, acting as Non-Executive Chairman of the Group

 

The candidacy will be subject to the approval of the shareholders' general meeting of the new company, called for next 7th February, in which the Group will resolve the construction of its Board of Directors, which will promote the business plan for this new stage.

 

Bell is currently Non-Executive Chair of Team17 Group PLC, OnTheMarket PLC and a NED of The Royal Airforce Charitable Trust.

He will be stepping back from his roles at XLMedia PLC, where he is Chair, and Rank Group PLC, where he is a senior Independent Director, in order to devote the time needed to his role at Codere.

 

In his new position as Non-Executive Chairman of Nueva Codere, he will bring his extensive senior Board skills alongside a deep knowledge and extensive experience in the gambling and sports betting industry, adding high value in this new stage of the company.

 

For nearly two decades, Bell served at Hilton Group PLC / Ladbrokes PLC, a company he joined in 1991, becoming part of its Board of Directors from 2001 to 2006, when he then acceded to the position of CEO of Ladbrokes PLC, a FTSE 100 company, following the sale of the Hilton Hotels division, a role he performed until 2010.

 

Christopher Bell was recruited to Allied Lyons PLC as a graduate trainee and during his twelve years there, he held many senior roles before going to Ladbrokes Group.

 

Since 2009, Chris has held other senior non-executive roles, notably Chairman of Game Group PLC and Technfinancials PLC; Senior Independent Director of Quintain Estates and Developement PLC; and NED Spirit Pub Company PLC and Gaming Realms PLC.

 

“Codere, has demonstrated over the past 40 years its fundamental strength, versatility and leadership. It is exciting to be a part of this project and promote this new stage that the company has initiated, in its way back to a growth path and consolidation as a leading multinational in the private gambling industry. I am truly honored for the trust placed in me and committed to the creation of value after this difficult period. The company has a management team and talent that will undoubtedly encourage its promising potential”, said Bell.

 

 

1 The restructuring of Codere Group has involved a corporate reorganisation, through the creation of four companies in Luxembourg, called Codere New Topco S.A., Codere New Midco Sàrl, Codere New Holdco S.A. and Codere Luxembourg 3 Sàrl. The company will call this new parent structure "Nueva Codere" in its successive communications, being "Antigua Codere" Codere S.A., in liquidation.