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 …
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Gary McGann eyes Paddy Power Chairmanship
The Irish Times has reported that soon to retire Smurfit Kappa CEO Gary McGann is keen to become next Chairman of Paddy Power Plc, replacing current incumbent Nigel Northridge. Northridge who has been the Irish bookmakers Chairman since 2009 has given no indication that he is to step down from the position. McGann who will retire from packaging multi-national Smurfit …
Read More »Paddy Power appoints Andy McCue as Chief Executive Designate
Paddy Power plc has announced the appointment of Andy McCue as Chief Executive Designate, and a director of Paddy Power plc, with immediate effect. McCue will succeed the current Chief Executive, Patrick Kennedy, on January 1st 2015. Patrick announced his intention to step down as Chief Executive at the AGM in May. Andy McCue has been with Paddy Power for …
Read More »Negative football results hit Paddy Power Q1 results
Paddy Power published its interim financial report for the opening quarter of 2014. The Irish gambling operator reported that despite a growth in sales in the opening months of 2014, the operator has been impacted by “adverse sporting results”. Chairman Nigel Northridge, stated that the company had witnessed its worst two weekends for football profitability. The weekends of January 11-13th …
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