Following the May 12 announcement that FanDuel Group Chief Executive Officer, Matt King had given notice of his intention to leave the firm, Flutter announced Monday that Amy Howe has been appointed Chief Executive Officer on an interim basis as a full search for a permanent successor continues.
Matt will leave the business on July 16 following a short transition period. Howe will take on the Interim CEO role alongside her existing role as President with responsibility for leading the company’s core commercial functions across its Sportsbook, Casino, Racing, and Daily Fantasy units. She will oversee the company’s operational, product, marketing, legal, regulatory, and compliance units.
Howe joined FanDuel Group in February 2021 from Live Nation Entertainment, where she most recently served as Global Chief Operating Officer of Ticketmaster.
FanDuel was acquired in 2018 by Flutter, which was then called Paddy Power Betfair. The company cautioned on May 12 that the expected departure of King will affect the timing of a potential U.S. listing of a stake in FanDuel.
Commenting on the appointment, Peter Jackson, CEO of Flutter Entertainment, said: “Matt leaves the business in a position of strength and we wish him well for the future. The appointment of Amy, working alongside the wider FanDuel leadership team, will support the key focus on growing the business and retaining our No 1 position in the US market."
Howe commented: “Together with our talented leadership team and organization, I am focused on continuing the momentum we have built across the business. I am confident that our unique advantages in product innovation, marketing, operational excellence, and wide market access will allow us to flourish as online gaming grows across the U.S.”