Paddy Power Betfair (PPB) has announced the appointment of WorldPay’s Peter Jackson as a new Chief Executive Officer, following the departure of Breon Corcoran. Cororan served as the CEO of Paddy Power Betfair since 2010, with six years of previous service at the company prior to that.
Corcoran said “This was a very difficult decision to make, and there is never a good time to leave, but this is the right decision for me and my family, and following the successful completion of the merger integration it is an opportune time for the business too.”
As of Monday, the 7th at 9AM GMT, the departure of Corcoran has led to a 5% dip in PPB shares, compared to his arrival.
Meanwhile, Peter Jackson has just left his CEO role at WorldPay, the global transactions service which works with several gambling related businesses. He held that role since March 2017. Jackson is familiar with the PPB business, however, having worked as a non-executive director there since 2016.
Gary McGann, chairman of Paddy Power Betfair, said: “While we will be sorry to see Breon leave, we are delighted to have appointed a candidate of Peter’s calibre to succeed him. The combination of his executive expertise together with his understanding of the Paddy Power Betfair business as a non-executive director uniquely positions Peter to assume the role of CEO and lead the group in its next stage of development.”
Paddy Power Betfair currently operates both Paddy Power and Betfair gambling sites, both of which offer a wide variety of game types. Both sites feature sports betting, slots, casino games, poker and bingo games, making them huge sites with a dedicated following.
These sites offer a large selection of Playtech slots, including the latest Batman comic book slots and Age of the Gods with an enormous progressive jackpot. Paddy Power is also well-known for regular, generous promotions, such as the current Bingo Summer Bargain that promises a guaranteed £2,400,000 in prizes in the Gold Room.