GVC Holdings has announced that it is to promote Rob Wood to the role of chief financial officer as of March 2019.

Wood has been promoted to replace Paul Bowtell, who is to leave the company around March 5th 2019, after GVC announces its 2018 financial results.

Bowtell is stepping down after seven years that saw him begin as CFO of Gala Coral Group, then move to Ladbrokes Coral, before being named GVC finance chief.

He is leaving to take up a new role with private equity business Alchemy Partners.

His replacement, Wood, currently serves as CFO for GVC’s largest division, the Ladbrokes Coral UK retail business