Jan Bolz becomes Paddy Power Betfair director
Paddy Power Betfair – one of the UK and Ireland’s most prominent sportsbook operators – has appointed Jan Bolz as a new independent Non-Executive Director.
With more than twenty-five valuable years experience in the industry, Paddy Power Betfair will be looking to the experience and wisdom of Bolz amid a time of growing concern and increasing pressure upon the gambling industry.
Bolz was most recently CEO of German sports betting firm Tipico from 2011 to 2016. During his time in the industry he has most notably held senior executive roles with leading games developer Electronic Arts, was Vice President of Marketing and Sales for International, and Managing Director of BMG Ariloa of Munich.
Commenting on the arrival, the Chairman of Paddy Power Betfair, Gary McGann, said in a statement:
We are delighted to welcome Jan as a Non-Executive Director. He brings a wealth of global experience across a number of different industry groups, most recently in the sports betting industry where he led the very progressive development of Tipico to its successful sale in 2016. His background and experience will be of significant benefit to the Board.– Gary McGann, Paddy Power Chairman
The appointment follows the welcomed news from just over a month ago that the sportsbook increased revenue over the first half of 2017 by 9%. Total revenue over the period was £827m, which also included a 10% rise in online revenue.
Jan Bolz is hoping to provide Paddy Power Betfair with governance and leadership guidance on international expansion projects, along with continuing marketing and commercial initiatives. He will be joining Zillah Byng-Thorne, Michael Cawley, Emer Timmons, Padraig O’Riordan, Peter Rigby, and the recently appointed Peter Jackson.
There may well be a new air of optimism around the HQ of the UK and Irish sportsbook. Just one month prior, the sixteen year reign of Breon Corcoran came to an abrupt end and WorldPay CEO Peter Jackson was being lined up as his replacement. The shock news meant a twenty-one month low for shares as an original loss of 8.6% hit the company hard, only for the damage to be contained and the low reduced to 5% thanks to heavy trading.