The National Lottery has appointed an ex Paddy Power Betfair executive as its new CEO.
UK.- The National Lottery has revealed that Andrew Algeo is its new Chief Executive Officer. Algeo, who is a former Paddy Power Betfair executive, will take over from Dermot Griffin, who had already announced his intention to step down earlier this year.
The firm that operates the National Lottery, Premier Lotteries Ireland (PLI), said that they appointed Algeo as the National Lottery CEO after a “rigorous search process”. Algeo will start his journey in the National Lottery in the next month.
“Andrew comes with a wealth of expertise which makes him an ideal choice to lead the National Lottery through the next phase of its development and deliver on our objective of further increasing the amounts we raise for good causes,” PLI’s chairman Padraig Ó Ríordáin said.
Algeo has recently overseen Ryanair’s commercial reorientation programme and is part of the group advising the Department of Justice. He said: “The substantial funding which the National Lottery provides to exemplary causes and their inspirational people, improves society for all of us.”