Flutter Entertainment PLC Board Changes (2675Q)
February 25 2021 - 1:00AM
UK Regulatory
TIDMFLTR
RNS Number : 2675Q
Flutter Entertainment PLC
25 February 2021
25 February 2021
Flutter Entertainment plc ("Flutter")
Changes to the Flutter Board of Directors
Flutter Entertainment plc announces a number of non-executive
changes, the outcome of which will enhance the gender balance of
the Board.
Divyesh ("Dave") Gadhia and Peter Rigby have decided not to seek
re-election at the Annual General Meeting to be held on 29 April
2021 and will, therefore, step down from the Board at the
conclusion of that meeting. Holly Koeppel and Nancy Dubuc will be
appointed as independent Non-Executive Directors. Nancy Dubuc's
appointment will take effect from 29 April 2021 and Holly Koeppel's
appointment will take effect from 13 May 2021.
Commenting on the Board changes, Chair of the Group, Gary McGann
said:
"Since the successful merger of Flutter and The Stars Group
("TSG"), we have mapped out a Board renewal programme over the
coming years, having regard to the scale, geographic breadth and
direction of travel of the business, in addition to enhanced gender
balance and diversity.
As Executive Chair of TSG, Dave led the challenging turnaround
and subsequent strong growth of the business. He was critical in
seeing the opportunity for the merger with Flutter, while ensuring
that his shareholders were appropriately represented and rewarded.
He leaves a strong and enduring legacy. Peter has been a stalwart
of the Betfair, Paddy Power and legacy Flutter boards during his
seven years tenure as Director. He has made significant
contributions to Flutter's progress through his astute Chairing of
the Risk Committee and subsequently the Remuneration Committee.
I want to thank both Dave and Peter for their considerable
commitment and good counsel and wish them health, happiness and
success for the future.
Following an international search as part of our on-going Board
renewal process, I am delighted to welcome Nancy and Holly to the
Board. Nancy brings a wealth of experience in the media and
entertainment sectors to Flutter. Holly has extensive experience of
regulated consumer facing businesses in the US and international
markets. We look forward to Nancy's and Holly's involvement which
will add enormously to the diversity of thought and perspective on
the Flutter Board."
Nancy Dubuc has been CEO of leading independent North American
headquartered, international media group, Vice Media since 2018.
She held senior management positions, including CEO, with A&E
Television Networks between 1999-2018. Prior to this, Nancy
previously held various roles in the media and technology
industry.
Holly Koeppel is currently Non-Executive Director of British
American Tobacco plc, Arch Resources, Inc. and AES Corporation. She
holds the position of Non-Executive Director of Vesuvius plc until
12 May 2021. She was previously the Managing Partner of the Gateway
Infrastructure Fund from 2010 to 2017. Prior to this, Holly was CFO
of American Electric Power.
Disclosures pursuant to paragraph 9.6.13 of the Listing Rules of
the Financial Conduct Authority
Holly Koeppel is currently Non-Executive Director of British
American Tobacco plc, AES Corporation, Arch Resources, Inc. and
Vesuvius plc.
Nancy Dubuc is currently CEO of Vice Media Group, and during the
past five years has not held any directorships in any other
publicly quoted companies.
There are no further disclosures required in respect of these
appointments pursuant to paragraph 9.6.13 of the Listing Rules of
the Financial Conduct Authority.
Enquiries:
Edward Traynor
Company Secretary
+353872232455
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END
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