Flutter Entertainment reveals new board with Q1 results

Flutter Entertainment reveals new board with Q1 results

Posted by: AffPapa

Flutter Entertainment has released its results for the first quarter of the year, along with news of some new additions in its boardroom after two of its directors left the firm, who were Divyesh ‘Dave’ Gadhia and Peter Rigby.

The two directors will be replaced by Vice Media CEO Nancy Dubuc and US finance expert Holly Koeppel. The new board members will be acting as non-executive directors. Gadhia and Rigby, deputy chairman and long-term non-executive director respectively, both resigned from their duties during the first quarter. 

April has been a successful month for the operator, as the firm reported a total group revenue rise worth 32% up to £1.48 billion, as mentioned in its Q1 report. As of late, Flutter senior director and chairman of Morrison’s supermarket, Andrew Higginson, has been given the duty of supervising the company’s executive pay and rewards policy.

In the meantime, Gary McGann’s duties in the boardroom will be broadened as he will be assuming control over the group’s Nomination Committee, which will also see the chairman, who has held his position for 6 years, supervise Flutter’s future recruitments for executive leadership.

The results for the first quarter of 2021 come after the firm revealed that it would be defending its stance concerning the legal issues with Fox Corporation, when the latter filed a lawsuit about a stake in FanDuel Group, of which Flutter Entertainment holds a 95% share. 

  • PlayUp fantasy & sportsbook operator enters New Jersey
  • TheScore is acquired by Penn National for 2 billion dollars