Kenny Alexander (businessman) explained

Kenny Alexander
Birth Name:Kenneth Jack Alexander
Birth Place:Kilwinning, Ayrshire, Scotland
Education:University of Glasgow
Occupation:Businessman
Former CEO, GVC Holdings
Term:2007-2020
Successor:Shay Segev
Spouse:Caroline Alexander

Kenneth Jack (Kenny) Alexander (born April 1969) is a British businessman, and was the chief executive (CEO) of GVC Holdings, a gambling company based in the Isle of Man, from 2007 to 2020.

Early life

Kenneth Jack Alexander was born in April 1969,[1] in Ayrshire, Scotland.[2] [3] He grew up in North Ayrshire, and earned a bachelor's degree in accountancy from the University of Glasgow.[4]

Career

In 1991, he joined the accountants Grant Thornton, where he worked for five years and qualified as a chartered accountant.[4] In 1996, he joined Hazlewood Foods as a financial controller.[4]

In 2000, he joined Sportingbet, having seen the job advertised in the Racing Post, and by 2007 had risen to become head of its European operations.[4] [5]

Alexander became CEO of GVC in 2007, when it was listed on AIM and valued at £26 million.[4]

In February 2016, he concluded the £1.1 billion reverse takeover of GVC's larger competitor Bwin.Party Digital Entertainment.[4]

In April 2017, it was speculated that Alexander and GVC were looking to take over the bookmakers William Hill.[6]

In December 2017, it was announced that GVC would take over the bookmakers Ladbrokes Coral for up to £4 billion, with Alexander as CEO, and a likely FTSE 100 index entry.[7]

In July 2020, it was announced that Alexander would retire, to be succeeded as chief executive by Shay Segev, the chief operating officer.[8] The Guardian called a "surprise departure".[9]

Personal life

He is married to Caroline Alexander,[10] and lives with his family in Perth, Scotland. Before his retirement in 2020, he was based in London during the week.[6]

His hobbies include no-limit cash poker, and when he worked at Sportingbet, considered becoming a professional gambler, about which his wife was "horrified".[6] He owns a string of racehorses,[11] including star mare Honeysuckle, and bets every day, either on horses or football.[4]

In May 2021, he was convicted of taking and driving away a vehicle without the owner's consent, drink driving and driving without insurance.[12]

Notes and References

  1. Web site: Kenneth Jack ALEXANDER - Personal Appointments (free information from Companies House). beta.companieshouse.gov.uk. 22 December 2017.
  2. News: I've been betting since I was 13, but Bwin must be my best punt. Daniel. Dunkley. 13 September 2015. 22 December 2017. www.thetimes.co.uk.
  3. Web site: Betting firms can count on canny Scots. www.scotsman.com. 22 December 2017.
  4. Web site: The odds are on FTSE 250 place for GVC chief. Ben. Martin. 22 December 2017. 22 December 2017. www.telegraph.co.uk.
  5. Web site: From meat factory to gambling big hitter – the rise of Kenny Alexander - Horse Racing News - Racing Post. Bill. Barber. Racing Post. 22 December 2017.
  6. Web site: Kenny Alexander: The poker-playing GVC boss on the hunt for deals. 7 April 2017 . 22 December 2017.
  7. News: British gambling firm GVC seals Ladbrokes takeover. Reuters . 22 December 2017 . 22 December 2017.
  8. News: Boss of Ladbrokes owner GVC steps down. The Telegraph. Gill. Oliver. Foy. Simon. 16 July 2020. 16 July 2020.
  9. News: Partridge . Joanna . HMRC widens investigation into Ladbrokes owner GVC . 21 July 2020 . The Guardian . 21 July 2020.
  10. Web site: Alliance News Detail - London Stock Exchange. www.londonstockexchange.com. 29 July 2018.
  11. Web site: Kenneth Alexander | Horse Records | Racing Post .
  12. Web site: Buchan. Jamie. Former Ladbrokes CEO took delivery car from Perth kebab shop. 2021-05-22. The Courier. en-GB.