Andy McCue to leave Paddy Power next month

Paddy Power-Betfair has no immediate plans to replace outgoing chief operating officer Andy McCue — whose departure was announced yesterday — with his role set to be subsumed by chief executive Breon Corcoran for the foreseeable future.

The recently-merged betting firm said that Mr McCue — who has been with Paddy Power since 2006, and took over from Patrick Kennedy as its chief executive at the start of last year — will cease to be a director of the group as of the end of April.

“I leave Paddy Power-Betfair following the completion of the merger and in the knowledge that this combination will be greater than the sum of its parts,” Mr McCue said in a statement.