Flutter Entertainment CFO Jonathan Hill will establish a new group COO function next year to maximise the benefits of Flutter's global scale and support the strategic direction of the business.
Paul Edgecliffe-Johnson, currently CFO and group head of strategy at InterContinental Hotels Group, will join as CFO and executive director of Flutter in the first half of 2023.
Hill will continue in his role until Edgecliffe-Johnson starts, working together to ensure a smooth transition of responsibilities. Hill will then leave the board and take up the newly created executive committee role of group chief operating officer.
Edgecliffe-Johnson brings 25 years' experience in finance and international businesses, and has been in his present role since 2014. Prior to joining IHG in 2004, he was an associate director, corporate finance at HSBC.
Commenting on the appointment, 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."
Gary McGann, chair, commented: "The board welcomes the appointment of a quality executive such as Paul and looks forward to working with him and the team into the future and I look forward to continuing to work with Jonathan in his new role."
