Paddy Power bets on retail head to be new chief executive in 2015
BOOKMAKER Paddy Power yesterday named its head of UK and Ireland retail operations Andy McCue as successor to chief executive Patrick Kennedy, who departs at the start of next year.
The appointment followed what Paddy Power chairman Nigel Northridge described as an extensive international search of candidates: “We were very pleased, if unsurprised, with the calibre of the candidates from inside and outside the business… Andy is the ideal leader to drive Paddy Power’s next phase of growth.”
Northridge credited McCue with “driving the company’s regulatory agenda”, and described him as a key member of the company’s management committee.
Kennedy had announced in May that he would step down after nearly 10 years in the role.
McCue will take over as chief executive on 1 January.