Directorate Change

RNS Number : 1751M

Paddy Power plc

19 May 2010

 



Paddy Power plc announces the appointment of a new Director

The Board of Paddy Power plc is pleased to announce that William Reeve will join the Board as a non-executive director of the Company with immediate effect.

William is an online entrepreneur and the founder and former managing director of LOVEFiLM International, which he helped to grow to become Europe's largest online DVD rental service.  Prior to LOVEFiLM, William co-founded Fletcher Research, which became the UK's largest Internet research firm and was subsequently acquired by the NasDaq listed company, Forrester Research.

William is currently executive chairman of TrueKnowledge.com, a next generation Internet search business, and a venture partner with DFJ Esprit, the European arm of the world's largest technology venture capital network.  He is also an investor in and non-executive director of a number of high growth Internet companies. 

Commenting, Nigel Northridge, Chairman of Paddy Power plc said: "I am very pleased that William has agreed to join the Board.  William's understanding of the online market place and his track record of delivering consumer concepts via the Internet will be invaluable to Paddy Power as it continues to grow its online businesses.  I look forward to him making a strong contribution to the development of the Group in the years ahead."

                                                             Ends

19 May 2010

For further information contact:

Patrick Kennedy                                                        Billy Murphy/Anne-Marie Curran

Chief Executive                                                          Drury Communications Ltd

Paddy Power plc                                                        Tel: + 353 1 260 5000

Tel: + 353 1 4045900                                                    

                                                                                   Kay Larsen/Claire Melly

                                                                                   Powerscourt Limited

                                                                                   Tel: [phone]

 

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