Ladbrokes retail director Nick Rust will be leaving the company in 2015 to take up a new role as the chief executive of the British Horseracing Authority.
Rust has been with the British betting giant for three and a half years. He will remain with the company until the end of his notice period in April 2015. Ladbrokes said that it had no immediate plans to replace him.
Commenting on his departure, Ladbrokes CEO Richard Glynn said: “Nick has played a significant role in Ladbrokes since he rejoined us in 2011 to help transform our retail offer. He has created a strong team who have been running the day-to-day business for some time and who have a clear view on what needs to be done to keep the retail offer highly competitive.
“We wish Nick well in what is an important role for horse racing at an important time. With his lifelong passion for racing, his knowledge of the industry and the threats posed to it from the growing popularity of other sports, he has a lot to deal with and a lot to offer.”
Rust will replace BHA’s outgoing chief executive Paul Bittar. The Australian announced in August that he was to step down, after three years in the role.