Former Sky Betting & Gaming (SBG) CEO Richard Flint will step down from Flutter Entertainment’s board of directors.
Flutter introduced today (eleven January) that Flint has opted now no longer to searching for re-election to the board on the organization’s AGM scheduled for 1 May.
As such, the SBG veteran will step down after the quit of that meeting. Flint is presently the chairperson of herbal canine meals transport organization Butternut Box.
Flint joined the board after SBG determine organization The Stars Group (TSG) become obtained via way of means of Flutter in March 2020.
Prior to this, Flint served as govt chair following TSG’s very own buy of SBG lower back in 2018.
This accompanied a 10-12 months stint as SBG CEO, and a 17-12 months ordinary profession on the Leeds-primarily based totally on line gaming operator.
Flint’s time on the organization dated lower back to earlier than Sky opted to rebrand its Surrey Sports on line sports activities having a bet operation to Sky Bet. He is extensively credited because the riding pressure at the back of the fulfillment of the UK’s first leisure media-led sports activities having a bet brand.
Flutter chair John Bryant said: “The board desires to thank Richard for the huge price and strategic insights he has added to Flutter for the duration of his tenure and well known his exquisite contribution to the improvement of the Sky Bet commercial enterprise seeing that its inception in 2001. We want him fulfillment withinside the future.”
Flutter prepares for twin list
Flint’s selection to go out the board comes in advance of the commercial enterprise’ deliberate twin list at the New York Nasdaq inventory exchange on 29 January.
The organization is doing this for numerous strategic reasons, inclusive of get right of entry to to deeper capital markets, a larger pool of expertise and an ordinary boom to the organization’s footprint withinside the US.
Flutter will for now maintain its number one list at the London Stock Exchange, which it showed could now no longer be laid low with the move.
However, the operator has said “the organization might also additionally pursue a number one US list in due course”.
In Flutter’s Q3 2023 economic report, extra than 30% of its sales become generated withinside the US. This is because of the fulfillment of its FanDuel brand, that’s the primary OSB platform via way of means of sales.