Entain has appointed Michael Snape as Group Chief Financial Officer and Executive Director, succeeding Rob Wood, who is leaving the business after 13 years. Snape joined as CFO Designate in February 2026, with his full appointment effective 6 March 2026.
Rob Wood’s Departure
Wood joined Entain over a decade ago and held the dual title of Group CFO and Deputy CEO. He stepped down as Executive Director on 6 March 2026 and remains with the group until June 2026 to oversee the handover.
His tenure covered Entain’s transformation from a UK-focused retail betting operator into a multi-brand multinational with licensed positions across more than 30 territories. That period included the formation of BetMGM, the 50/50 joint venture with MGM Resorts International, and the group’s pivot toward exclusively regulated market operations. Wood oversaw a period of strong UK performance — Entain reported 8% revenue growth in the UK and Ireland in its most recent trading update — and navigated the group’s response to significant UK gambling duty changes. Entain estimated those increases would carry a £200m annual tax impact on the business.
“It has been a privilege and a pleasure to be part of Entain’s growth over the last 13 years, and I am proud of the transformation the Group has undergone during that time. With Entain’s and BetMGM’s pathway to long term success well established, now is the right time for me to pass the reins on, and I am confident that the Group has an extremely bright future.”
— Rob Wood, outgoing Group CFO and Deputy CEO
Snape’s Background
Snape brings over two decades of senior finance experience, most recently as Group CFO at International Distribution Services (IDS) — the logistics group that operates Royal Mail — where he led its de-listing and sale. Before IDS, he spent five years at Walgreens Boots Alliance as CFO of Boots, No7 Beauty & International.
His earlier career included the role of International CFO at Tesco plc, CFO of Waitrose within the John Lewis Partnership, and positions at J Sainsbury plc. The profile is built around large-scale consumer-facing businesses in competitive, regulated environments. Snape has no prior sector experience in betting and gaming.
CEO Stella David framed the appointment around execution capability and international scale.
“I am delighted to be welcoming Michael to Entain. His seasoned leadership, financial and operational expertise, and international experience will be invaluable as we continue to execute our strategic priorities. I look forward to working closely with Michael to deliver Entain’s exciting potential in the years ahead.”
— Stella David, Group CEO
“I am thrilled to be joining Entain at such an exciting time in its growth and transformation story. I look forward to working with Stella, the Board and the leadership team to deliver value for all Entain’s stakeholders.”
— Michael Snape, incoming Group CFO
Trading Update and Timing
Entain confirmed at the time of the announcement that year-to-date trading was in line with market expectations. Company-compiled consensus placed full-year 2025 EBITDA at £1,139m as of 10 December 2025. Full-year 2025 results were scheduled for 5 March 2026 — one day before Snape’s formal start date — meaning Wood would present the group’s final reporting cycle of his tenure before handing off.
Snape steps into the CFO seat at a testing point for UK-facing operators. UK gambling duty increases — raising the online casino rate to 40% and sports betting to 25% — represent the most significant structural cost shift for Entain in years. Managing that P&L impact falls to the incoming CFO from day one. Entain had estimated the combined changes would carry a £200m annual hit on the business, and the first effects begin filtering through in the current financial year.
Source: Entain plc
