SBC News Paddy Power confirms Gary McGann as new Chairman

Paddy Power confirms Gary McGann as new Chairman

Ahead of today’s Annual General Meeting, Paddy Power announced that retiring Smurfit Kappa CEO Gary McGann will become the operators new Chairman, replacing the outgoing Nigel Northridge who will step down from the company board at the end of June.

Last week Irish business news reports had speculated that McGann would be the strong favourite to replace Northridge who has served as Paddy Power Chairman since 2009.

McGann has held governance positions in leading Irish businesses Aer Lingus (Air Travel) were he served as CEO and as one-time Director of the Anglo Irish Bank (finance).

Paddy Power Chairman Nigel Northridge commented on the appointment of McGann as his replacement:

I would like to announce that I will stand down as Chairman and as a non-executive director of Paddy Power plc at the end of the first half, now that the appointment and transition to a new CEO has been concluded and I have completed two three-year terms as Chairman.

I am delighted to announce that Gary McGann, who joined the Board last year as a non-executive director, has agreed to assume the post of Chairman when I step down.  It has been a pleasure to have had the opportunity to serve on the Board over the past 11 years.  The Group has made great strides in that time due in no small part to the endeavour and commitment of my Board colleagues and of management, present and past, for which I thank them.

Check Also

SBC News YouGov study shows impact of offers and reminders on bettor engagement

YouGov study shows impact of offers and reminders on bettor engagement

The effectiveness of gambling advertising was put to the test by YouGov this week, as …

SBC News Flutter stands by global recreational focus ahead of H2 turnaround

Flutter stands by global recreational focus ahead of H2 turnaround

Flutter Entertainment has reported difficult first-half trading, as the FTSE100 betting group widened its year-on-year …

SBC News BetVictor expands white label portfolio with talkSPORT BET launch

BetVictor expands white label portfolio with talkSPORT BET launch

Sports radio station talkSPORT plans to significantly expand its sports betting presence with the launch …