Betfair names new CFO
Internet betting company Betfair has named Alexander Gersh as its new Chief Financial Officer, the former head of finance at US digital pay-TV technology firm NDS Group.
Internet betting company Betfair has named Alexander Gersh as its new Chief Financial Officer, the former head of finance at US digital pay-TV technology firm NDS Group.
Gersh succeeds Stephen Morana, who announced in September that he would be stepping down, on December 3rd but Morana will make himself available over the next few months to ensure a smooth transition, Betfair said.
"Alex has extensive and valuable experience of working in highly competitive, international businesses and a proven track record of delivering results. I welcome him to Betfair and look forward to working with him," said Chief Executive Officer Breon Corcoran.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
![https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg](https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748-320-80.jpg)
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
"I would like to thank Stephen for his contribution to Betfair over the past 10 years and we wish him every success for the next stage of his career".
Gersh said: "Betfair is at an exciting and important stage of its development and I look forward to contributing to the future success of the business".
BC
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
Revolut finally bags a UK banking licence – what next for the challenger?
Revolut has finally been granted a UK banking licence following three years of negotiations with the regulator
By Kalpana Fitzpatrick Published
-
Could Labour impose a “double death tax” of more than 50%?
Speculation is mounting that capital gains tax will be reformed in the Budget - and one option is to charge bereaved families the tax on top of inheritance tax. We explain how it could work
By Ruth Emery Published