Sunday 8 December 2019

The runners and riders tipped to fill CEO's boots at gambling giant

Cormac McCarthy is believed to have ruled himself out of the running
Cormac McCarthy is believed to have ruled himself out of the running
John Mulligan

John Mulligan

IT was Patrick Kennedy's last Paddy Power AGM yesterday, assuming he doesn't stay on as a non-executive director of the group when he steps down from the hot seat next year.

Attention now turns to his possible successor. While chairman Nigel Northridge said there were a number of internal candidates who could fill Mr Kennedy's boots, it's understood chief financial officer Cormac McCarthy – the former boss of Ulster Bank – has ruled himself out of the running. He joined Paddy Power in 2012.

But that still leaves a number of possible contenders.

Among them are Cormac Barry, who heads Paddy Power's successful Australian arm. He joined Paddy Power in 2000 and helped set up the group's online business. He's been CEO of Paddy Power's Sportsbet unit in Oz since 2011.

Another insider in the frame is Peter O'Donovan. He joined the group in 2001 and has headed up its online operations since 2009.

Andy McCue is also another executive who could take a tilt at the CEO job. He's the head of the group's entire retail operation in Ireland and the UK, a post he took up early last year amid a major management reshuffle at the group. He had been head of the UK retail business since 2006.

Asked if he might one day make a good choice as CEO for Bank of Ireland, Mr Kennedy said he wasn't looking beyond the next 12 months.

Irish Independent

Today's news headlines, directly to your inbox every morning.

Don't Miss