The head of business of Paddy Power Betfair’s Sportsbet business in Australia, Cormac Barry has left the company in favor of becoming Car Trawler’s new CEO. This was confirmed when Paddy Power announced a successor to Barry along with another managerial change.
Barry succeeds Mike McGearty as CEO of Car Trawler, an online car rental platform that has been around since 2004. He will be in charge of the entire Australian division of the company, with new hire Dan Taylor in charge of UK and Irish relations.
The exit of Barry from Paddy Power is seen as an immense loss for the company, as stocks have dropped and analysts have begun to discredit the company’s future. Only time will tell how Paddy Power will upswing, if at all, but Car Trawler seems to be in good hands with Cormac Barry at the helm.