MAR 14 DE MAYO DE 2024 - 23:03hs.
Peter Jackson

Paddy Power Betfair announces new CEO

Paddy Power Betfair confirmed yesterday that Breon Corcoran has stepped down as CEO of the company, with Peter Jackson taking up the role. Corcoran has led the business since the merger of Paddy Power and Betfair last year, having previously served as CEO of Betfair.

In addition, Corcoran was chief operating officer of Paddy Power from 2010 and was a board member at the bookmaker since 2004. "I have been privileged to work with many exceptional people over the last 16 years and the business has a talented, stable and motivated management team,” Corcoran said.

"We have built a business that is a structural winner and has a very bright future. This was a very difficult decision to make, and there is never a good time to leave, but this is the right decision for me and my family, and following the successful completion of the merger integration it is an opportune time for the business too,” Corcoran added.

Jackson will join Paddy Power Betfair from global payments business WorldPay, where he has been serving as chief executive since March of this year. Jackson has been an independent, non-executive director of Paddy Power Betfair since 2016 and also held a similar role with Betfair prior to last year’s merger.

"I am excited about the prospect of joining the Paddy Power Betfair executive team. Paddy Power Betfair has some of the leading brands in the global gaming industry and the business has great prospects,” Jackson commented.

Source: GMB