Ladbrokes Chief Financial Officer Ian Bull has been told he can leave the company in February 2016, or before, if the proposed merger with Coral goes through sooner.

The planned merger of Ladbrokes and Coral has chewed up and spat out its first casualty after Ladbrokes announced that Ian Bull, Chief Financial Officer (CFO), would leave the company in Feb 2016.

Bull’s planned departure date is set to coincide with the announcement of Ladbrokes 2015 full year results. A press release received by Ladbrokes stated that should the Coral merger go ahead before that date then Bull would leave immediately after.

Bull has been the Ladbrokes CFO since 2011. The UK bookmaker picked him up from Greene King plc. where he enjoyed an eight-year spell as Group Finance Director. His resume also contains experience picked up at BT, Buena Vista Home Entertainment and St. Modwen Properties.