The board of Flutter Entertainment has notified investors that Group Chief Financial Officer (CFO) Jonathan Hill will transition to the new role of Group Chief Operations Officer (COO) next year.

Hill, who has served as Group CFO since 2018, will oversee the maximisation of Flutter’s global scale, synergies and strategic direction to benefit the FTSE100 business.

Enabling the transition, Flutter confirmed that Paul Edgecliffe-Johnson, currently CFO and Group Head of Strategy at InterContinental Hotels Group (IHG), will join as Group CFO and Executive Director in the first half of 2023.

An expert in the financial management/planning of global enterprises, Edgecliffe-Johnson has served as CFO and Strategy Officer of IHG since 2014 and is a former Associate Director of Corporate Finance at HSBC.