Deals
Paddy Power Betfair Deals Blow to Investors as CEO to Leave
- Breon Corcoran’s departure increases doubts for shareholders
- Worldpay’s U.K. boss Peter Jackson will join as successor
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Paddy Power Betfair Plc said Chief Executive Officer Breon Corcoran is stepping down, dealing a blow to investors only 18 months after the betting giant was created by a merger.
Corcoran, 46, will be succeeded by Peter Jackson, the U.K. head of financial technology firm Worldpay Plc, according to a statement Monday. Jackson, 41, already knows the Dublin-based company, where he’s a non-executive director.