FanDuel recruits tech specialist and start-up investor Andrew Sheh as new CTO
FanDuel has hired former real estate technology executive Andrew Sheh as its new chief technology officer (CTO).
Sheh brings more than 20 years’ experience in leading technology strategies for large-scale organisations, having most recently served as senior VP of engineering for real estate technology firm Compass.
In that role, Sheh was responsible for a global engineering organisation comprising more than 500 engineers across data, search, artificial intelligence and machine learning, video, digital advertising, marketing tech, payments and externalisation efforts.
In his new role at FanDuel, Sheh will be responsible for the group’s customer-facing engineering and platform development teams, as well as all IT architecture and personnel.
“There is no faster growing and more competitive space in tech than mobile gaming,” Sheh said on his new appointment.
“It is a sector that requires the most innovative solutions to differentiate FanDuel from the competition and I am excited to build FanDuel into the leading gaming platform in the world.”
FanDuel CTO Andrew Sheh: “There is no faster growing and more competitive space in tech than mobile gaming.”
Amy Howe, president and chief executive of FanDuel Group, added: “FanDuel’s consistent focus on technology that drives innovation has been the fuel to our industry leading performance.
“I am confident that Andrew has the experience and vision to help us continue to extend that advantage into the future.”
Last week, FanDuel further bolstered its management team with a new hire from within the Flutter Entertainment organisation.
Asaf Noifeld was appointed as FanDuel’s managing director of casino, having fulfilled the same role at PokerStars since July 2019.
Commenting on a post on LinkedIn, Flutter CEO Peter Jackson told Noifeld: “Welcome to NYC and the biggest opportunity in casino in the world. I can’t wait to see what you can do!”
In its Q1 2022 financial results, FanDuel was shown to be the most significant driver of growth at Flutter Entertainment, as the brand claimed as much as 37% market share for online sports betting and 20% for iGaming across US markets during the quarter.
This helped Flutter’s US revenue climb by 45% year-on-year to $574m, allowing the business to offset revenue reductions in more mature jurisdictions while taking the group’s overall revenue up by 6% on a constant currency basis to £1.57bn.