Paddy Power Betfair hires Jonathan Hill as new Group CFO

FTSE100 betting group Paddy Power Betfair Plc (PPB) has confirmed the appointment of Jonathan Hill as Group Chief Financial Officer (CFO).

Hill the current CFO of senior citizens’ financial services firm Saga Plc, is set to join PPB’s corporate leadership team this autumn, replacing long-term group finance lead Alex Gersh who this March confirmed his departure from PPB’s executive team.

A + 20-year corporate finance executive, Hill has held senior executive roles at FTSE listed firms; Bovis Homes, British Gas and TUI Travel.

Hill is the latest appointment by PPB’s new Group Chief Executive Peter Jackson, who took official charge of the FTSE betting enterprise in January announcing a restructure to the firm’s executive management framework.

Peter Jackson commented on the appointment of Hill: “We’re delighted that Jonathan is joining us. He brings substantial strategic and operational finance experience in consumer businesses and I am confident he will make a significant contribution to Paddy Power Betfair’s future success.”

In PPB’s 2017 results update, Peter Jackson stated that his new leadership team would prioritise returning Paddy Power to growth’, combined with the continued expansion of PPB products and services in new markets outside of the UK and Ireland.

Jonathan Hill commented on joining PBB leadership: “I am excited to be joining a business with great brands, differentiated products and substantial international scale. There are many opportunities to drive shareholder value and I look forward to being part of the team to deliver this”.

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