After 16 years of collaboration, CEO Breon Corcoran decided to step down from the company’s office, sharing a long-term plan with the company’s board of directors. Gary McGann, chairman of Paddy Power Betfair, said Mr Corcoran had recently announced his intention to resign. In 2011, he stepped down from his former Paddy Power office when he was appointed chief financial officer of Betfair.
Following the successful merger of two growing betting operators Paddy Power and Betfair, Mr. Kokoran once again appeared as a member of Paddy Power, leading the company to great success. So it’s no surprise that the news of his departure sparked a negative reaction, which adversely affected the company’s stock price, and it turned out that the price per share fell to 4% on the stock market.
It is not yet clear when Mr. Corcoran will officially resign, but the company announced that the person to take the position was Peter Jackson, CEO of the international payment company Worldpay, to the present. Mr. McGahn explained that Mr. Jackson has the leading experience necessary to carry out heavy tasks and meet the company’s goals.
Because the board wanted to avoid any speculation regarding Kokoran’s resignation, the company explained that it had started looking for the right person to take over from Kokoran months ago. He added that Peter Jackson was unanimously chosen as the best candidate to take over Corcoran’s seat on the board.카지노사이트
Mr. Corcoran will remain in office until his successor, Mr. Jackson, is appointed. News of Mr. Corcoran’s resignation comes only a year and a half after he was appointed head of the group. Kokoran explained that he enjoyed working with such a great team. He added that the best time to announce his decision was after the merger of Paddy Power Betfair, because he was the one who led the deal.
The company is expected to announce an official date, which will mark the start of Mr. Jackson’s new career at Paddy Power Betfair. It is not yet clear whether the company will find its place and stabilize from the decline, or if the stock will continue to sink