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888 Has a new Chairman; Paddy Power to Follow Suit in July

888 Has a new Chairman; Paddy Power to Follow Suit in July 0001

Last week saw two major changes to the management teams of 888 Holdings and Paddy Power as Brian Mattingley took over as 888 Holdings’ Executive Chairman and Nigel Northridge announced he is to step down from his role of Chairman at Paddy Power.

It was revealed in August 2014 that Mattingley would step down as Chief Executive Officer of 888 Holdings during 2015 when Chairman Richard Kilsby retired. This has now happened and Mattingley has taken over at the helm of the company.

Former CEO John Anderson has also decided to retire.

Mattingley was full of praise for the outgoing Kilsby and Anderson, saying:

“On behalf of the entire 888 team across the world I would like to express my sincerest gratitude to Richard and John for their considerable contributions to 888 over many years. We wish them every success for the future.

“Richard has shown outstanding leadership during his nine-year tenure as chairman which has seen 888 grow and develop significantly. I would like to extend my personal thanks for Richard’s unwavering dedication and counsel during my time as chief executive of 888.”

Across the Irish Sea, Paddy Power revealed it too would be seeing its Chairman change. Current Chairman, Nigel Northridge, is to step down during July and is being replaced by Gary McGann. Northridge has been in his role since 2009.

Northridge made the announcement in an interim results statement that shows Paddy Power revenues increasing by 35% year-on-year for the period January 1 through May 11, 2015.

“I would like to announce that I will stand down as Chairman and as a non-executive director of Paddy Power plc at the end of the first half, now that the appointment and transition to a new CEO has been concluded and I have completed two three-year terms as Chairman. I am delighted to announce that Gary McGann, who joined the Board last year as a non-executive director, has agreed to assume the post of Chairman when I step down. It has been a pleasure to have had the opportunity to serve on the Board over the past 11 years. The Group has made great strides in that time due in no small part to the endeavour and commitment of my Board colleagues and of management, present and past, for which I thank them.”

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