Paddy Power chief sees pay rise 30%

New Paddy Power chief executive Andy McCue has seen his base annual salary jump by nearly 30%, to €700,000, since taking over from Patrick Kennedy, at the helm of the betting services company earlier this year.

Mr McCue, who previously headed up the company’s retail and online strategy across its core geographical markets of Ireland and the UK, was named as CEO in September. According to the company’s newly-published annual report, Mr McCue’s base salary jumped 27%, from €550,000 to €700,000, on the back of his move.

Mr Kennedy’s base salary amounted to €780,000 last year, his final year in charge after a near decade-long tenure which saw him oversee the company’s growth from a domestic player into a successful international gaming group and help grow profits from €31m to €141m.