GVC Chair Lee Feldman heads for the exit

GVC has confirmed reports that Lee Feldman is surrendering his chairman’s seat on or about the company’s annual general meeting in June. Feldman has been GVC chairman since 2008 and recent changes to the UK corporate governance code recommend that chairs of publicly traded companies not occupy their position for longer than nine years, making Feldman’s exit something of a foregone conclusion. According to GVC, the process of identifying his replacement was “under way and in its early stages.”
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25th March 2019
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GVC looking for new chairman as Lee Feldman plots exit
Hunt is on

The Story

GVC has confirmed reports that Lee Feldman is surrendering his chairman’s seat on or about the company’s annual general meeting in June. Feldman has been GVC chairman since 2008 and recent changes to the UK corporate governance code recommend that chairs of publicly traded companies not occupy their position for longer than nine years, making Feldman’s exit something of a foregone conclusion. According to GVC, the process of identifying his replacement was “under way and in its early stages.”

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