New finance chief for Paddy Power Betfair

Paddy Power Betfair plc announced Wednesday that Jonathan Hill will be appointed as Chief Financial Officer. Hill is currently CFO at Saga plc, and will take up the role in the autumn.

He joined Saga plc as CFO in April 2015 and was previously group finance director at Bovis Homes. Prior to that he held senior finance roles at TUI Travel and Centrica. He qualified as a Chartered Accountant with Price Waterhouse.

CEO Peter Jackson said in a press statement: “We’re delighted that Jonathan is joining us. He brings substantial strategic and operational finance experience in consumer businesses and I am confident he will make a significant contribution to Paddy Power Betfair’s future success.”

Hill replaces Alex Gersh, who advised the Board of his intention to step down upon appointment of a successor recently (see previous report). Gersh will continue as CFO until Hill takes office.

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