Gerald Corbett to join Betfair

CITY veteran Gerald Corbett, who has been chief executive of both Railtrack and Woolworths during his lengthy career, has been appointed as deputy chairman of struggling betting group Betfair.

Corbett is currently currently chairman of Britvic, the the Royal National Institute for the Deaf and

He was chairman of Woolworths until a year before the retailer went bust in 2008.