Patrick Kennedy

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January 12, 2015
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Patrick Kennedy

Patrick Kennedy was born in 1969 and currently holds the position of CEo at Paddy Power PLC.Mr Kennedy graduated from University College Dublin with a BComm and a DipPrAcc. Mr. Kennedy holds a Bachelor of Commerce Degree (Banking & Finance) and a Post Graduate Diploma in Accountancy from University College Dublin. He also has a Post Graduate Diploma in Statistics from Trinity College Dublin.

Patrick joined Paddypower in September 2005 and rose to CEO on 01st January 2006. He was already a Board Member acting as non-executive Director since March 2004. He previously served as the Chief Financial Officer of Greencore Group Plc from 2002 to August 2005, where he held a number of senior positions. Mr. Kennedy joined Greencore in 1998 and was responsible for Group development and was central to the acquisition and integration of Hazlewood Foods PLC in 2001

Before Greencore, Mr. Kennedy held the role of Strategy Consultant with McKinsey Management Consultants in London, Dublin and Amsterdam. He has been a Non-Executive Director of The Governor and Company of The Bank of Ireland since July 19, 2010. Patrick is also a nonexecutive director of pharmaceutical firm Elan Corporation, plc and Bank of Ireland Group plc since 22nd May 2008. Patrick has been a member of the Risk Committee since January 2006. He is also a Fellow of the Institute of Chartered Accountants in Ireland.

Patrick has led the gambling firm through a strong period of growth that recently saw its market cap hit €3.4bn.

According to Reuters.com, Mr Kennedy is reported to earn €1,500,000 per year. The company’s annual report, released yesterday, shows Kennedy received a basic salary of €746,000, as well as benefits of €239,000 and a bonus of €462,000. At the beginning of April 2013, Kennedy  sold 71,567 shares he held in the firm at €68.20 each and as a result made almost €4,9 million. He still holds more than 473,000 shares with Paddy POwer PLC worth over €32 Million..

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