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

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
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Review: Eden Roc Cap Cana – fun, sun and golf in the Caribbean
Travel Eden Roc Cap Cana in the Dominican Republic offers everything from relaxing by the pool to a world-class golf course
-
Reeves delays cash ISA reform, but savers are not out of the woods yet
The chancellor has reportedly delayed plans to cut the cash ISA limit, which were set to be announced at Mansion House on 15 July, and will take more time to consult with the industry