Flutter board reshuffle sees Keller Koeppel and Lazzarato assume Chair positions

By | April 29, 2022

Flutter Entertainment has announced three changes to its boardroom, with Holly Keller Koeppel, Carolan Lennon and David Lazzarato all taking on roles at the FTSE 100 firm.

Following the company’s AGM, Flutter confirmed that Michael Cawley had stepped down as Non-Executive Director and Chair of the Audit Committee, whilst Zillah Byng-Thorne has vacated the role as Chair of the Risk and Sustainability Committee, but will continue as a Non-Executive Director. 

To fill the vacant positions, Flutter has appointed Keller Koeppel as Chair of the Audit Committee and Lazzarato as Chair of the Risk and Sustainability Committee, as of 28 April. 

In addition, Lennon, Non-Executive Director and Senior Independent Director of AIB Group, will join Flutter as Country Leader of Salesforce Ireland and Non-Executive Director from 1 July.

Lennon’s business experience has included a four tenure as CEO of Irish telecoms provider eir until January 2022, whilst previously serving as Chief Commercial Officer at the company and as Consumer Director and Marketing Director at Vodafone Ireland

Gary McGann, Flutter Group Chair, said: “Following an extensive search as part of our on-going Board renewal process, I am delighted to welcome Carolan as a Non-Executive Director. 

“Carolan has significant experience of regulated consumer facing digital businesses. Carolan’s appointment is in line with our Board renewal programme having regard to the scale, geographic breadth and growth of the business. We look forward to Carolan joining the Flutter Board and contributing to the company’s future.”

The appointments come shortly after Flutter’s full year report for 2021, which revealed that the international gambling group had incurred operating losses of £288 million.

Despite this – and although group EBITDA also declined, largely due to the merger with The Stars Group (TSG) in May 2020 – Flutter was able to secure a 37% increase in revenue to £6.04 billion (2020: £4.4bn).

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