Paddy Power Betfair boss steps down after 16 years
Breon Corcoran, the boss of Paddy Power Betfair, is to step down after 16 years with the bookmaker.
He will be replaced by Worldpay chief executive Peter Jackson, who has been appointed following a "rigorous and extensive succession process", the company said.
Mr Corcoran, a gambling sector veteran, was instrumental in the £7bn merger between Paddy Power and Betfair, which he previously headed.
He said: "This was a very difficult decision to make, and there is never a good time to leave, but this is the right decision for me and my family, and following the successful completion of the merger integration it is an opportune time for the business too."
Paddy Power Betfair paid tribute to Mr Corcoran's role in moving the business into digital and in developing a mobile offering.
Prior to Worldpay, Mr Jackson was chief executive of Travelex Group from 2010 until it was sold in 2015.