Flutter confirms NED departures of Cawley and Byng-Thorne
The board of Flutter Entertainment Plc has confirmed that Michael Cawley has decided to end his nine-year tenure as a non-executive director of the FTSE100 gambling group.
The former Chief Executive of Ryanair, Cawley has served as a corporate advisor of Flutter since 2013, providing leadership guidance on the business’ transformative mergers with Paddy Power (2018/2019) and The Stars Group Inc (2020).
Updating investors, Flutter confirmed that Cawley had decided not to seek re-election at the firm’s Annual General Meeting scheduled on 28 April.
Upon his departure, Flutter confirmed that Holly Keller Koeppel will replace Cawley as Chair of the Audit Committee.
Further boardroom developments saw Zillah Byng-Thorne commit to serving a further year as a non-executive director, as she plans to resign from Flutter governance duties before the 2023 GM.
The current CEO of LSE publishing group Future Plc, Byng-Thorne has served Flutter non-executive director since 2016.
Flutter announced that Dave Lazzarato will replace Byng-Thorne as Chair of the Risk and Sustainability Committee – in which Byng-Thorne will be retained as an advisor of the firm’s sustainability directives.
Gary McGann, Chair of Flutter, commented: “I wish to take this opportunity to thank Michael and Zillah for their exceptional contribution to the Board over the past nine years. We wish Michael well for the future and I look forward to continuing to work with Zillah during her remaining term as a Director.”