Flutter CEO Peter Jackson to Step Down After Profit Forecasts Cut

POLICY WIRE — London, UK — Flutter Entertainment announced today that Group Chief Executive Peter Jackson will step down from his position at the end of September. Jackson, who has led the company for eight years, will depart following a recent reduction in profit forecasts.

The decision comes as the company faces financial headwinds, prompting a reevaluation of its strategic direction. Flutter Entertainment, the parent company of Paddy Power, hasn’t yet announced a successor for Jackson.

In a statement, Flutter Entertainment acknowledged Jackson’s contributions over the years. “Under Peter’s leadership, Flutter has grown significantly and established itself as a major player in the global betting and gaming industry,” the company said.

Jackson’s departure is effective September 30. The company’s board expressed confidence in its ability to navigate the current challenges and continue its growth trajectory.

Reporting by Policy-Wire (PW)