Paddy Power names new CEO to succeed Corcoran

Now Reading:

Paddy Power names new CEO to succeed Corcoran

Text size Aa Aa

(Reuters) – Gambling firm Paddy Power Betfair <PPB.I> said on Monday it has appointed Peter Jackson as its new chief executive to replace Breon Corcoran, who is stepping down from the role he took up in February last year when Paddy Power merged with online betting exchange Betfair. The company also said on Monday it expected underlying earnings before interest, tax, depreciation and amortisation expenses (EBITDA) this year of between 445 million pounds and 465 million pounds ($580-607 million) The company reported underlying EBITDA of 400 million pounds last year.

(Reporting by Rahul B in Bengaluru; Editing by Greg Mahlich)
euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on for a limited time.