Flutter , the world's largest online betting firm, named Rob Coldrake as its new group CFO on Friday and said current group finance head Paul Edgecliffe-Johnson would be stepping down from his role as group CFO and executive director.
, the world's largest online betting firm, named Rob Coldrake as its new group CFO on Friday and said current group finance head Paul Edgecliffe-Johnson would be stepping down from his role as group CFO and executive director.
Earlier this month, the Irish-founded company moved its operational headquarters to New York, saying it reflected the importance of the U.S. market.Given the primary U.S. listing and the need for extensive executive management time to be spent in the United States, the board was in talks with Edgecliffe-Johnson regarding his ability to meet this requirement due to his family commitments in the UK and decided that it was best for him to step down, Flutter said.
Coldrake, currently the CFO of Flutter International, has held the role since joining the firm in 2020.The stock has also been under pressure in recent days after the Illinois Senate passed a budget that would double the tax rate for the largest online sports betting operators in the state.
A Chinese nonprofit group with ties to the nation's government is coordinating efforts among China's biggest technology firms to develop open-source software with military applications, a U.S.-based defense policy group says.
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