Flutter Entertainment has pinpointed a new CFO with current finance chief Jonathan Hill set to take over the group COO position from next year.

Hill, who arrived at Flutter in 2018 from Saga, will be tasked with maximising the benefits of the operator’s global scale while supporting the strategic direction of the wider business.

The FTSE 100 operator has already recruited his replacement in the shape of InterContinental Hotels Group (IHG) CFO and group head of strategy Paul Edgecliffe-Johnson.

Edgecliffe-Johnson, who has spent nearly two decades with IHG since arriving at the company in 2004 from HSBC, will join Flutter in the first half of 2023.

Hill will continue as CFO until that time, with Flutter set to report its Q3 financial results on 9 November 2022, as well as hosting a FanDuel Capital Markets Day event on 16 November.

Flutter CEO Peter Jackson: “I also wish to acknowledge Jonathan for all he has done for Flutter to date and I am very pleased that the group will continue to benefit from his experience.”

He will then take up the newly created executive committee role of group COO and leave his position on the board.

Commenting on the appointment, Flutter CEO Peter Jackson said: “I am delighted that Paul will join us next year as group CFO.

“I am confident that his highly relevant skills and experience will help us to take advantage of the significant opportunities before us and will be invaluable as we continue to execute our strategy.

“I also wish to acknowledge Jonathan for all he has done for Flutter to date and I am very pleased that the group will continue to benefit from his experience in establishing the new COO function,” he added.

Flutter has made a series of senior leadership changes in 2022, particularly across its UK & Ireland division, where redundancies have been made over the last few months.

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