DraftKings Inc. announced that Jason Park, DraftKings? Chief Financial Officer, will become the Company?s Chief Transformation Officer, effective as of May 1, 2024. In this newly created role, Mr. Park will lead initiatives to deploy cutting edge technologies to capture additional operating efficiencies as well as oversee the integration of the proposed acquisition of Jackpocket Inc. (Jackpocket).

Mr. Park joined DraftKings as Chief Financial Officer in June 2019 and oversaw the Company?s transition to the public markets. During his tenure as Chief Financial Officer, DraftKings? revenue grew from $323 million in 2019 to $3,665 million in 2023.

The Company also produced positive Adjusted EBITDA in the second and fourth quarters of 2023 due in part to Mr. Park?s leadership of operational efficiency programs. In addition, from the Company?s initial trading day on July 25, 2019, through March 15, 2024, the Company?s stock price increased more than 325%.