John Bryant has officially stepped up as the board chair for Flutter Entertainment, succeeding Gary McGann on 1 September. Hailing from Australia, Bryant has also taken the reins of the nomination committee and serves as a non-executive director.
Flutter Entertainment, the parent company to well-known brands like FanDuel and Paddy Power, welcomes Bryant’s extensive global leadership. With a solid history at Kellogg Company, Bryant’s prowess lies in financial acumen, strategic foresight, and operational command.
Acknowledging his predecessor, Bryant remarked, “His expertise, professionalism and commitment are greatly appreciated and, on behalf of the board, I wish Gary well in the future.”
Bryant’s impressive resume extends beyond Flutter. He is a non-executive director for Coca-Cola European Partners, Compass Group plc, and Ball Corporation. His two-decade long association with Kellogg Company saw him assume pivotal roles, including the CEO and chair positions.
Earlier in the year, Peter Jackson, the CEO of Flutter, voiced his optimism about Bryant’s induction. “His experience will be invaluable as Flutter continues to execute its growth strategy,” he noted.
Flutter’s recent financial reports highlight promising growth. The first half of 2023 recorded a revenue of £4.81bn, marking an increase from the previous year’s £3.39bn. Sports betting constituted a massive £3.00bn of this revenue, with gaming adding £1.81bn. As per Jackson, the US sector exhibited remarkable performance with a 71.0% revenue rise to £1.79bn. The FanDuel brand significantly contributed to this figure. Additionally, the adjusted EBITDA underwent a transformation from a £132m deficit to a profit of £49m.
The post John Bryant Begins New Role as Chair at Flutter Entertainment appeared first on iGaming.org.