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Paddy Power Betfair CEO to step down

Paddy Power Betfair has announced that its chief executive Breon Corcoran is to step down after 16 years with the group.

GENERAL MERCHANDISE

Paddy Power Betfair CEO to step down

Paddy Power Betfair has announced that its chief executive Breon Corcoran is to step down after 16 years with the group.

He will be succeeded by Peter Jackson who will join the business from Worldpay where has served as chief executive of the UK business since March 2017. A start date has yet to be agreed.

In the meantime, Corcoran will continue to lead the Paddy Power Betfair group and complete the integration of the Paddy Power and Betfair businesses which merged in 2016.

Jackson has been an independent non-executive director of Paddy Power since 2016. His previous roles include chief executive of Travelex Group from 2010 until its sale in 2015. In 2016, he led the innovation function for Banco Santander, and between 2002 and 2010 held a series of roles in the retail bank at Lloyds Banking Group and HBOS.

Commenting on his decision to step down, Corcoran said: "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. I look forward to watching the continued success of Paddy Power Betfair as a shareholder."

 

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