William Reeve departing Paddy Power
William Reeve the Head of Operations at Paddy Power is stepping down from the Irish bookmaker, after being in the position for just a year. Prior to his current role Mr Reeve had been a non-executive director for the company. The reason for his departure is to pursue other business interests.
As operations director, Mr Reeve oversaw technology, risk and trading, human resources and corporate strategy with Paddy Power. His track record as an internet entrepreneur will no doubt be missed by the company – online sales delivered over three-quarters of the bookmaker’s profits in the first six months of this year.
A spokesman for Paddy Power confirmed that Mr Reeve had advised the company of his plans to leave the bookmaker. “He wishes, as a next step, to pursue opportunities in the commercial area,” said the spokesman. “Paddy Power is grateful to William for his contribution to the management of the infrastructure of the business and wishes him well in his future endeavours.”
Mr Reeve is a well known entrepreneur, he founded Lovefilm which he sold to Amazon in 2011 for a huge amount. Along with his first company Mr Reeve co-founded was Fletcher Research, which became one of Britain’s top online research companies before that was also sold to Forrester Research in 1999.
