IG Group Holdings PLC - London-based online trading provider - Announces appointment of Breon Corcoran as new chief executive officer, effective from January 29, following "a comprehensive global search process". Once Corcoran joins the company, Interim CEO & Group CFO Charlie Rozes will continue in his CFO role. Corcoran's "extensive experience leading multinational fintech companies" includes serving as CEO of FTSE 100 betting company Flutter Entertainment PLC until 2018, during which time he oversaw the 2016 creation of Flutter through the merger of Paddy Power and Betfair. He then served as CEO of WorldRemit Ltd until 2022.
Chair Mike McTighe says that Corcoran "is a proven leader of high performing teams within multinational organisations, with an ability to deliver results for all stakeholders. The board is confident that Breon is the right person to lead IG and deliver the next phase of growth."
Current stock price: 717.50 pence, up 1.6% in London early on Friday
12-month change: down 11%
By Emma Curzon, Alliance News reporter
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IG (IGG)