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    FDJ   FR0013451333

LA FRANÇAISE DES JEUX

(FDJ)
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La Française des Jeux : FDJ Group appoints Andy Wright as new Sporting Group CEO

05/12/2021 | 06:00pm EDT

Boulogne-Billancourt, 13 May 2021 - FDJ Group appoints Andy Wright as new Sporting Group CEO. FDJ Group announces Simon Trim to step down as Sporting Group CEO. Simon Trim will continue to support the Group as a special advisor to the CEO.

FDJ Group is pleased to announce the appointment of Andy Wright as the new CEO of Sporting Group, who will succeed Simon Trim. Simon Trim is stepping down after 23 years at the company - including the last 5 years as CEO - after overseeing the successful integration of Sporting Group into FDJ Group following its acquisition in June 2019.

Simon Trim will take a role of Special Advisor to the CEO to support a seamless transition of the company's leadership over the next few months and help bring certain strategic growth initiatives further forward.

Andy Wright has over twenty years' experience in senior leadership roles across multiple jurisdictions within the gambling sector, most recently leading Tabcorp's Wagering arm in Australia, and before as a part of Ladbrokes Executive Leadership team as Group Trading Director.

Xavier Etienne, FDJ Group Executive Vice-President Technology and International, said: 'I would like to thank Simon Trim for his dedication and stewardship over the years and the achievements of Sporting until today, building strong brands and making an impact on its markets. FDJ Group respects his decision and believes leading a business such as Sporting Group with its exciting plans for the future requires strong experience in the industry. Andy Wright has a unique blend of skills in many relevant areas for Sporting Group and FDJ Group. Along with his operational capabilities and recognized leadership, he is the perfect fit for us to further enhance the execution of our strategy.'

Andy Wright said: 'I am delighted to join Sporting Group at this exciting period of its evolution. I have admired its excellence of pricing, trading and risk management for many years and how it has leveraged this capability and the Sporting Index brand awareness to expand its B2B operation with Sporting Solutions across the globe.'

Disclaimer

La Française des Jeux SA published this content on 13 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 May 2021 07:20:00 UTC.


© Publicnow 2021
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Sales 2021 2 198 M 2 576 M 2 576 M
Net income 2021 271 M 317 M 317 M
Net cash 2021 668 M 783 M 783 M
P/E ratio 2021 32,7x
Yield 2021 2,44%
Capitalization 8 801 M 10 306 M 10 313 M
EV / Sales 2021 3,70x
EV / Sales 2022 3,45x
Nbr of Employees 2 687
Free-Float 47,8%
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Number of Analysts 12
Last Close Price 46,08 €
Average target price 45,41 €
Spread / Average Target -1,46%
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Stéphane Pallez Chairman & Chief Executive Officer
Pascal Chaffard Executive VP-Finance, Performance & Strategy
Xavier Etienne Executive VP-Technology & International
Yovan Obrenovitch Director-Information Systems
Xavier Rene Louise Girre Independent Director
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