Mike Dillon, who became the public face of Ladbrokes in a career spanning 46 years with the bookmaker, is to leave the company at the end of July.
Dillon said now was the “perfect time to move on”, with the company having merged with Coral and then been taken over by GVC Holdings.
He added: “I’ve had a truly amazing time with Ladbrokes with many great memories and have worked with some fantastic colleagues who made the job such a pleasure for me for so long.
“I have had the privilege of meeting and getting to know some of the most influential people in racing and it has been enthralling to observe their dedication to our sport.
“But now is not the time to reflect, but a time to look forward and I would like to think that I still have plenty to offer our great sport that means so much to me.”
Dillon was famed for his contacts and friendships with some of the biggest names in the sport and also helped save the Grand National when the race and Aintree was under threat in the 1970s.
Mike Dillon’s efforts helped save the Grand National when it was under threat in the 1970s
GVC chief executive Kenny Alexander paid tribute to Dillon, saying: “Mike Dillon has been one of the most recognisable figures in the racing industry for over 40 years and has contributed enormously to Ladbrokes’ success during that period.”
“From helping to revitalise the Grand National in the 1970s through to the inaugural running of last December’s thrilling Ladbrokes Trophy, Mike’s passion and enthusiasm for the sport and our company has shone through in all he has done.”
“He has a deserved reputation for being one of the most knowledgeable figures within the industry and has served Ladbrokes brilliantly. We wish him every success in the future when he leaves our business at the end of July.”
If you are interested in this, you should read: New kid on the block GVC to join giants after Ladbrokes Coral deal
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