Paddy Power Betfair’s New CEO Shuffles Senior Management

UK-listed Paddy Power Betfair (PPB), one of the world’s leading sports betting and gaming operators has announced that it has appointed new Chief Executive Officers a few days after the company’s new group Chief Executive Officer took control.

PPB recently announced that Dan Taylor had been appointed as Chief Executive Officer of European operations (a newly created role) and will be responsible for Paddy Power as well as Betfair brands across all channels and geographies outside the United States.

Taylor previously acted as Managing Director of PPB’s UK & Ireland operations after managing Paddy Power’s retail operations.

Barni Evans has been appointed as new Chief Executive Officer of Sportsbet, the Australian online betting division of PPB.  Evans moves from his previous role as Sportsbet’s Chief Commercial Officer to replace Cormac Barry, who is leaving for a position outside of the gambling industry. Barry will be staying on for the next few months in order to ensure an orderly transition of power.

Taylor and Evans will both report to PPB group Chief Executive Officer Peter Jackson who officially took office on Monday, 8th January 2018 from outgoing Chief Executive Officer Breon Corcoran. Jackson will direct PPB’s operations from Paddy Power’s Dublin Headquarters.

A strong performance by Sportsbet was revealed in PPB’s most recent quarterly earnings report although overall online revenue declined 3 percent year-on-year. Morgan Stanley analyst, Ed Young, warned that the market’s expectation of considerable online growth following the post-merger fusion of Paddy Power and Betfair’s operations onto a single platform “may not materialize”.

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