Chairman Peter Dubens and Chief Executive Eric Semel have reduced their stakes in the online betting and sports content provider by selling respectively 1.8 and 1.9 per cent of the company.
Elsewhere, Paddy Power appointed Breon Corcoran as Managing Director of Non-Retail and Development. Corcoran was previously Commercial Director, having joined the Group in 2001. In his new role he will retain responsibility for the group’s online and telephone activities and in addition assume responsibility for new business development, strategy and acquisitions.
Commenting on the appointment, Patrick Kennedy, Chief Executive of Paddy Power said: “Paddy Power has very substantial development opportunities as a consequence of the fast growth of our markets and our positions in these markets. I know that Breon will lead our development activities with the same focus, determination and success with which he has led the expansion of our online and telephone activities over the last number of years.”
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