Flutter Entertainment PLC (LSE:FLTR) said Paul Edgecliffe-Johnson, who is currently chief financial officer of Intercontinental Hotels Group PLC (LSE:IHG) (IHG), is joining the sports betting and gaming company as its new CFO in the first half of 2023.
The appointment comes as Flutter’s current CFO Jonathan Hill is setting up a new group chief operating officer (COO) function to support the company’s global growth strategy.
Following a period of transition after Edgecliffe-Johnson joins, Hill will take up the newly created executive committee role of group COO.
“Given Jonathan's expertise, knowledge of the business and role in shaping Flutter's strategy, he is uniquely placed to set up the new group COO function for success,” Flutter said.
The company noted that Edgecliffe-Johnson brings 25 years' experience in finance and international businesses and has been CFO, group head of strategy and member of the board and executive committee at IHG since 2014. Prior to joining IHG in 2004, he was an associate director, corporate finance at HSBC.
Commenting on the new CFO appointment in a statement, 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."