FanDuel founder resigns

Daily fantasy sports company FanDuel announced that its Chief Executive has resigned.

US.- FanDuel, one of the leading companies operating the innovative daily fantasy sports sector in the United States, announced that Nigel Eccles, company’s chief executive and co-founder, has resigned its position as well as FanDuel’s board of directors in order to “focus on his next venture.” Eccles will be replaced by former chief financial officer Matt King.

“With his strategic vision, range of experiences, and broad skillset, I cannot imagine a better individual to steer FanDuel forward,” Eccles said. “With tremendous legislative strides in the past two years and the business moving into profitability in Q4, FanDuel is in a great position; I know Matt is the leader to capitalise on the momentum in the sports technology space to take FanDuel to the next level.”

King was chief financial officer at FanDuel from 2014 until 2016. Now he’s returning to the company as new chief executive. He King also served as president of regional operations and corporate development at Cottingham & Butler and, prior to his time with FanDuel, was also a director at Kohlberg, Kravis, Roberts and Co., as well as a consultant at McKinsey & Company.

King commented: “Over the past eight years, Nigel has built one of the most disruptive companies in the sports world.” And concluded: “I look forward to working with our talented team to make FanDuel the place for fans to engage with sports they love in new and exciting ways.”