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December 2008

New Chairman for Ladbrokes Group

Erskine to replace Sir Robinson as Ladbrokes chairman

Sir Ian Robinson, who has served as the chairman of the successful gambling group Ladbrokes, has announced that he is stepping down from his role in the coming year.

Robinson, who is a well known figure in the United Kingdom gambling industry, said that his chairmanship would come to an end after Ladbrokes' Annual General Meeting in May next year.

Under the leadership of Sir Robinson, Ladbrokes enjoyed great financial success and expansion. Annual gross win almost doubled to 1.3 billion GBP last year, and Robinson's long term planning saw the company expand further on the internet, as well as across Europe to Spain and Italy.

Ian Robinson will be replaced by the former chief executive of the mobile provider, O2, Peter Erskine, who will join the Ladbrokes Board of Executives as a non-executive director from the beginning of next month already. He will officially take over the role of chairman when Sir Robinson steps down in mid-May.

Speaking of Robinson's successor, the Chief Executive of Ladbrokes, Christopher Bell said: "Peter Erskine's extensive international marketing background and experience of building brand led businesses will be a big plus for the company. He was responsible for the transformation of O2 plc - the ex BT wireless business - into a leading provider of mobile services in Europe and helped create considerable shareholder value."

O2 was eventually taken over by the Spanish communications company, Telefonica in 2005 to the tune of 18 billion GBP. Since then, Erskine has served on the company's board as an executive and non-executive.





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