REG - Flutter Entertainmnt - Group CFO Transition

Flutter EntertainmentAnnouncement

21/10/2022 07:16

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RNS Number : 6306D  Flutter Entertainment PLC  21 October 2022

21 October 2022

Flutter Entertainment plc

("Flutter" / the "Group")

 

Flutter announces Group CFO transition

·      Jonathan Hill to establish new Group COO function to support
global growth strategy

·      Paul Edgecliffe-Johnson to join as Group CFO from IHG in the
first half of 2023

 

Flutter Entertainment plc, the leading global sports betting and gaming
operator, announced today that Group CFO, Jonathan Hill, will establish a new
Group COO function next year to maximise the benefits of Flutter's global
scale and support the strategic direction of the business. Paul
Edgecliffe-Johnson, currently Chief Financial Officer and Group Head of
Strategy at InterContinental Hotels Group plc ("IHG"), will join as CFO and
Executive Director of the Group in the first half of 2023.

 

Jonathan will continue in his role until Paul starts, working together to
ensure a smooth transition of responsibilities. Jonathan will then leave the
Board and take up the newly created Executive Committee role of Group Chief
Operating Officer ("COO"). Given Jonathan's expertise, knowledge of the
business and role in shaping Flutter's strategy, he is uniquely placed to set
up the new Group COO function for success.

 

Paul brings 25 years' experience in finance and international businesses, and
has been CFO, Group Head of Strategy and member of the Board and Executive
Committee at IHG since 2014. Prior to joining IHG in 2004, Paul was an
Associate Director, Corporate Finance at HSBC.

 

Commenting on the appointment, CEO Peter Jackson said: "I am delighted that
Paul will join us next year as Group CFO.   I am confident that his highly
relevant skills and experience will help us to take advantage of the
significant opportunities before us and will be invaluable as we continue to
execute our strategy.  I also wish to acknowledge Jonathan for all he has
done for Flutter to date and I am very pleased that the Group will continue to
benefit from his experience in establishing the new COO function."

 

Gary McGann, Chair, commented: "The Board welcomes the appointment of a
quality executive such as Paul and looks forward to working with him and the
team into the future, and I look forward to continuing to work with Jonathan
in his new role."

 

 Investor Relations:
 Paul Tymms, Director of IR and FP&A                + 44 75 5715 5768

 Ciara O'Mullane, Investor Relations                + 353 87 947 7862
 Liam Kealy, Investor Relations                     + 353 87 665 2014
 Press:
 Kate Delahunty, Director Corporate Communications  + 44 78 1077 0165
 Lindsay Dunford, Corporate Communications          + 44 79 3197 2959

 Robert Allen, Corporate Communications             + 44 75 5444 1363

 

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