By Joe Hoppe
Flutter Entertainment PLC said Monday that Matt King, Chief Executive Officer of its U.S. subsidiary FanDuel, will step down from July 16, and that it has appointed FanDuel President Amy Howe as interim CEO.
The Dublin-based sports-betting and gambling group said that Ms. Howe will take on the interim CEO role alongside her existing role, with responsibility for leading the company's core commercial functions across its Sportsbook, Casino, Racing and Daily Fantasy units.
Flutter--which also owns the PokerStars, Paddy Power and Betfair brands--said the search for a permanent successor continues.
FanDuel was acquired in 2018 by Flutter, which was then called Paddy Power Betfair. The company cautioned on May 12 that the expected departure of Mr. King will affect the timing of a potential U.S. listing of a stake in FanDuel.
"The appointment of [Ms. Howe], working alongside the wider FanDuel leadership team, will support the key focus on growing the business and retaining our number one position in the U.S. market," Flutter CEO Peter Jackson said.
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(END) Dow Jones Newswires