Paddy Power Betfair Andy McCue leaves company

At the end of April, chief operations officer Andy McCue will leave the newly merged company PaddyPower Betfair. Andy McCue held the position since January 2015. Prior to the merger and since joining Paddy Power in 2006, McCue has contributed greatly to Paddy Power's success, most notably by leading the retail business of Paddy Power in the United Kingdom into profitability.

McCue said that he enjoyed working at Paddy Power, and he believes the merger will have positive effects on the company. Conversely, the announcement of Andy McCue leaving reflected negatively on the stock market, with shares plummeting by three percent.