Due to increased business in the growing sports betting and gambling industries, the Irish gambling group, Paddy Power has announced that it has expanded its executive circle with the appointment of three new men.
The chairman of Paddy Power, Nigel Northridge, announced the appointment of forty-nine year old Cormac McCarthy, Jack Massy, 44 and David Johnston, 40.
The Chief Executive Officer of Paddy Power, Patrick Kennedy, said that the Irish bookie has a strong track record of investing for growth and the recent appointments represent another step in that direction. Kennedy said that the appointments broaden and deepen Paddy Power’s capability and capacity in the fields of finance, legal and compliance. He also said that they follow the group’s philosophy of hiring, rotating and retaining huge talent.
McCarthy has been made Chief Financial Officer of Paddy Power and he will also become an executive director. With many years in the finance business, including the CE of Ultster Bank and a member of the prestigious Royal Bank of Scotland Group Management Committee, McCarthy promises to bring knowledge and expertise to his new role at Paddy Power.
David Johnston will become Group General Counsel, after his role as Company Secretary for the past 5 years.
Finally, the newest appointment at Paddy Power is Jacky Massey who has been made Director of Finance and Company Director, after service as Finance Director. Massey has worked with a number of top firms in Europe, including Investment Technology Group as their finance director and CEO.
All these appointments will become effective in October this year.