Optimal Payments has signed an agreement to become an official partner for the Lotus F1 team. As part of the deal Optimal will devise unique strategies for “cardholder-not-present” transactions for the Asian, European and North American markets. They will also develop payment solutions for the team’s associates and after Interwetten become the second online gaming industry firm to sign an agreement with the team.
Paddy Power has announced an extensive reshuffle including the appointment of a new chief financial officer. Cormac McCarthy moves from a non-executive director into the CFO throne and as such becomes an executive director. Jack Massey has been made director of finance and company secretary and as such relinquishes his role as finance director. Meanwhile David Johnston takes the position of group general counsel after giving up his position as company secretary and general counsel.
Both Massey and Johnson have been with the company for a number of years now and speaking on the appointments Patrick Kennedy, chief executive of the firm, said: “We have a strong track record of investing for growth and today’s appointments represent another step in this direction. They broaden and deepen our capability and capacity in the key areas of finance, legal and compliance and follow our philosophy of hiring, rotating and retaining great talent.”