Irish bookmaker Paddy Power has appointed Andy McCue as its new chief executive as of 1 January, and as a director of the company with immediate effect.
McCue will replace outgoing CEO Patrick Kennedy, who announced his departure in May.
“I have always had a personal view that after 10 years at the helm, change is good, both for the business and the individual,” Kennedy had said in a statement at the time.
McCue has been working for Paddy Power for eight years and has most recently served as managing director, retail UK and Ireland. He has also had responsibility for regulatory and public affairs.
In addition, McCue has been a member of the Paddy Power management committee since 2009 and leads the group’s online and retail multi-channel strategy.
Nigel Northridge, chairman of Paddy Power plc, said McCue has an outstanding track record and has consistently demonstrated strong leadership across the business as a key member of the management committee and in his role driving the regulatory agenda.
“Andy is the ideal leader to drive Paddy Power’s next phase of growth,” Northridge said.