Directorate Change

RNS Number : 9579H

Paddy Power Betfair plc

24 August 2016

 

24 August 2016

Paddy Power Betfair plc ("the Company")
Directorate Change

Paddy Power Betfair plc announces that Stewart Kenny has decided to step down from his role as Non-Executive Director on the Board.

Stewart co-founded Paddy Power in 1988 and was Group Chief Executive until 2002 when he retired from his executive role. He was Chairman from 2002 to 2003 and has remained on the Board as a Non-Executive Director for the past 13 years.

Commenting on Stewart's decision to step down, Gary McGann, Chairman of Paddy Power Betfair says: "After 40 years in bookmaking and 28 years' involvement with this business, Stewart has an enviable record in the industry and leaves a great legacy. He was instrumental in creating a highly successful international business from a small domestically-focussed retail operation at inception. Stewart, more than anyone, positively influenced the culture of the business. He played a hugely supportive role in the merger of Paddy Power with Betfair. He is retiring after many years of enormous service to the Company and the industry. We wish him every success in the future and thank him for his incredible contribution to this business."

Ends

For reference:

Investor Relations: Paul Rushton [phone] / [phone]

Media: Billy Murphy, Drury Porter Novelli [phone]

 

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