Flutter Entertainment has appointed former Kellogg CEO John Bryant as a non-executive director and chair designate.
Bryant is set to join the board after Flutter’s annual general meeting today and will step up as chair, replacing Gary McGann, on 1 September 2023.
Bryant is currently a non-executive director of manufacturing company Ball Corporation, foodservice company Compass Group PLC, and Coca-Cola European Partners.
He was previously executive chairman, CEO, CFO and COO of breakfast food giant Kellogg Company.
He is also a non-executive director of Macy’s, with his tenure there ending next month.
Bryant is set to replace Flutter’s outgoing chair Gary McGann following his nine-year tenure as a non-executive director of the firm, in line with the company’s board succession plan and good governance practice.
In addition to his role as chair, Bryant will be appointed to the nomination and remuneration committees of Flutter’s board, and will become chair of the nomination committee on 1 September.
“We are delighted to announce John’s appointment as chair,” said outgoing chair Gary McGann.
“John has had a stellar career in Kellogg Company, one of the most internationally renowned companies in the world. He brings with him an enormous wealth of leadership experience in strategic, financial, and operational matters.
“It has been a privilege to serve as chair of this very special company and I wish John every success as he joins the board at this pivotal point in Flutter’s evolution. I will use my remaining period as chair to ensure a seamless transition to John,” McGann concluded.
Bryant himself added: “I am very excited to succeed Gary as chair of Flutter. I look forward to working with [Flutter CEO] Peter [Jackson] and the management team to grow the business and to take advantage of the many exciting opportunities that lie ahead.”
Flutter CEO Jackson took the opportunity to thank McGann for his time spent dedicated to the company.
He said: “I would like to thank Gary for the contribution he has made to Flutter over his nine years as non-executive director, eight of which were as chair.
“He has helped steer the business through an exceptional period of growth. I am very much looking forward to working with John. His experience will be invaluable as Flutter continues to execute its growth strategy.”
At today’s annual general meeting, Flutter shareholders will vote on the election and re-election of directors, the company’s 2023 directors’ remuneration policy and long term incentive plan, as well as authorisations to allot relevant securities and market purchases of the company’s own shares.