FanDuel will pay Amy Howe $4.37 million severance—more than four times her annual base pay—after she was left go as CEO on Wednesday.
Howe, who has led the company since 2021, will also receive a series of vested performance and time-based restricted stock options, and health care coverage for up to 12 months, according to an SEC filing from FanDuel parent Flutter detailing the specifics. The $4,370,828 gross severance represents two years of combined base pay and annual bonus opportunities.
Flutter announced Howe’s termination Wednesday as part of its first quarter earnings report. In a letter to shareholders, Flutter CEO Peter Jackson thanked Howe for her contribution to the company and said she would be replaced by FanDuel president Christian Genetski.
