reon will succeed David Yu, who has spent ten years with Betfair and nearly six as CEO. Betfair announced on 27 June 2011 that David would not be renewing his current contract and that a search had started to find his successor.
Betfair's Chairman, Edward Wray, commented: "We have conducted a very thorough international search process over recent months and I am delighted that Breon will be Betfair's new CEO. He joins at what is an exciting time for Betfair and brings with him significant industry experience and a track record of success. The combination of his online expertise and gaming sector knowledge makes him ideally suited to the role.
"We very much look forward to welcoming Breon and working together to ensure that Betfair can further enhance its position as a leading global online sports betting operator."
Breon Corcoran commented: "Betfair's unique technology provides the company with a fantastic position in the online gaming industry and I believe it has a bright future ahead of it. I am very pleased to have the opportunity to lead the company and look forward to working closely with the Betfair team to grow the business further."
There is no further information to be disclosed under paragraph 9.6.13 of the Listing Rules with regard to this appointment.