LONDON (Alliance News) - Paddy Power PLC Thursday said Andy McCue, its chief executive designate, was awarded 8,100 shares on becoming a director, which represents his only holding in the company.
Earlier Thursday, the betting company said McCue will succeed current Chief Executive Patrick Kennedy on January 1, 2015. Kennedy announced his intention to step down from the position at Paddy Power's annual general meeting in May.
The stock was trading at EUR52.29, down 0.4% near the close Thursday.
By Arvind Bhunjun; arvindbhunjun@alliancenews.com; @ArvindBhunjun
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