Ladbrokes retail director to step down
Rust has worked in his current role at Ladbrokes for the past three and a half years.
Ladbrokes chief executive Richard Glynn said: "Nick has played a significant role in Ladbrokes since he re-joined us in 2011 to help transform our retail offer. He has created a strong team who have been running the day-to-day business for some time and who have a clear view on what needs to be done to keep the retail offer highly competitive.
"We wish Nick well in what is an important role for horse racing at an important time. With his lifelong passion for racing, his knowledge of the industry and the threats posed to it from the growing popularity of other sports he has a lot to deal with and a lot to offer."
Rust will work until the end of his notice period in April 2015 but will play no further part in any discussions affecting horse racing or horse racing industry relations.
The company said it has no immediate plans to recruit a replacement for Rust in a like-for-like role.
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