Directorate Change

RNS Number : 5080M

Paddy Power plc

17 August 2011

 



Paddy Power plc announces Board changes

Paddy Power plc announces that Brody Sweeney, non-executive director, will retire from the Board on 1 September 2011 after over six years' service.

Cormac McCarthy will join the Board as a non-executive director of the Company on the same date.

Cormac was Chief Executive of Ulster Bank from 2004 to 2011, where he also served as a member of the Royal Bank of Scotland ("RBS") Group Management Committee and as Deputy Chief Executive of RBS UK Retail. He was previously Chief Executive of the RBS Retail and Commercial Division in Europe and the Middle East and Chief Executive of the bank's European Consumer Finance Division. Prior to 2004, he was Chief Executive of First Active plc. 

Cormac is a non-executive director of BWG Limited, the Irish-owned food retail and wholesale distribution business, and a qualified chartered accountant.

Nigel Northridge, Chairman, said: "I would like to thank Brody for his significant contribution to the Board of Paddy Power and the energy and judgement he has brought to the development of the business since his appointment in 2005.  We wish him well for all of his future endeavours.  I am delighted that Cormac has agreed to join the Board of Paddy Power.  I look forward to him making a strong contribution to the continued growth and development of the Group in the years ahead."

                                                             Ends

17 August 2011

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                                  

                                                                     Jon Earl/Rob Greening

                                                                     Powerscourt Limited

                                                                     Tel: [phone]

 

END

 

 

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