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Mullen named new chief executive of Ladbrokes

20 March 2015

JIM MULLEN, managing director of Ladbrokes Digital, will take over from Richard Glynn as the firm's chief executive.

Mullen joined the bookmaker in November 2013 following three years at William Hill and is credited with helping reinvigorate Ladbrokes's position in the online sector, most notably by establishing a link with gambling technology specialists Playtech.

Born in Glasgow, the 44-year-old Mullen will be on £500,000 a year.

He said on Friday morning: "I am delighted to become chief executive of Ladbrokes. The business has undergone rapid change and we have laid good foundations from which to grow but there remains much to do. We have a strong brand, competitive products and excellent people throughout the business." 

Mullen, who has also worked for The Sun and The News Of The World, added: "I am looking forward to working with my colleagues to make the most of the opportunities ahead to grow the Ladbrokes business."

Ladbrokes chairman Peter Erskine said the University of Westminster graduate was the "unanimous choice" to replace Glynn, who joined Ladbrokes in April 2010 and revealed in December he was leaving.

He endured a turbulent time in charge, although there were signs of improvement towards the end of his reign.

Ladbrokes's share price was up slightly on Friday morning following the news, rising 0.72 per cent to 112p.

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