Paddy Power Betfair COO McCue to step down

Paddy Power Betfair announced that chief operating officer Andy McCue will leave the company and cease to be a director with effect from 30 April.

McCue was chief executive officer of Paddy Power from January 2015 until the completion of the merger with Betfair in February, having joined the business in 2006.

Chief executive officer Breon Corcoran said: “Andy has played a pivotal and hugely constructive role in the successful merger, for which I am very grateful.

“As CEO of Paddy Power, he led the business strongly, embedding a new growth strategy which delivered record revenues and profits. His contribution to Paddy Power in a variety of roles, but particularly as CEO, was immense."