Betsson appoints former Paddy CEO to board
Betsson elected Andrew McCue to its board of directors at its annual general meeting.
Sweden.- Betsson has appointed former Paddy Power CEO, Andrew McCue, to its board as a non-executive director with immediate effect.
The appointment was made at the company’s annual general meeting.
McCue spent a decade at Paddy Power, joining as deputy head of UK retail in 2006, and rising up through several posts to serve as CEO for just over a year in 2016.
Since then, he has held executive positions at Hostelworld and The Restaurant Group, where he served as CEO from 2016 until mid-2019. He was succeeded there by former GVC COO, Andy Hornby.
Betsson re-elected Patrick Svensk as Chairman of the Board, and Fredrik Carlsson, Eva Leach, Johan Lundberg and Jan Nord as directors.
The AGM additionally approved proposals from the board regarding guidelines for the remuneration of senior executives.
In April, Betsson reported a 7 per cent year-on-year rise in revenue for Q1, to SEK 1.4 billion ($150.8 million). It said it expected Q2 and beyond to feel the effects of the coronavirus pandemic.
The iGaming operator’s subsidiary Betsson Nordic announced last week that it would appeal a €2million fine over unauthorised sales and promotions in Sweden.
