London-listed gaming operator Betfair has promoted director of regulatory affairs Fiona Russell to the role of chief legal officer and company secretary, replacing long-term incumbent Martin Cruddace.
Russell joined Betfair in May 2006 as international legal counsel, having spent the previous three years as a solicitor for BSkyB, before being promoted to director of regulatory affairs in January of this year.
Following the departure of Betfair’s director of public affairs Matt Lambert’s in February after just over one year with the company, Russell took over some of his duties which were also split with UK head of public affairs Susannah Gill.
Russell replaces Martin Cruddace as Betfair’s chief legal officer and company secretary, after he announced he was to leave his role as group director of corporate and legal affairs in June this year, after nine years with the company.
Cruddace joined Betfair in 2004 and was the last member of the company’s management team involved in the operator’s 2010 initial public offering. Prior to joining Betfair, he worked for law firm Schillings, having previously served as head of legal for newspaper publisher the Mirror Group.
Shares in Betfair Group plc (Co. Data) (LSE:BET) hit a new 52-week high of 993.00 pence per share in London today before dropping back to its current price of 983.00 pence.