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Jonathan Hill, the Chief Financial Officer of Saga Plc, has resigned to join Irish bookmaker Paddy Power Betfair Plc.
Hill had joined the British insurance group for the over-50s in 2015 and will take up the new role in autumn.
“I am excited to be joining a business with great brands, differentiated products and substantial international scale. There are many opportunities to drive shareholder value and I look forward to being part of the team to deliver this,” Hill said.
“We’re delighted that Jonathan is joining us,” said Peter Jackson, Paddy Power Betfare CEO, adding: “He brings substantial strategic and operational finance experience in consumer businesses and I am confident he will make a significant contribution to Paddy Power Betfair’s future success.”
Saga said the search process for a successor to Hill will start immediately.