Ladbrokes to name Richard Glynn as CEO

British bookmaker Ladbrokes will appoint Richard Glynn, chairman of spread betting firm Sporting Index, as its new chief executive, The Sunday Telegraph said, citing a source close to the situation.            

Glynn, who will join after Chris Bell steps down in the summer, will be expected to beef up Ladbroke's online offer, the newspaper said.                                           

Ladbrokes was not immediately available for comment.