DraftKings has expanded its Board of Directors with the appointment of Gregory Wendt as an independent director.
Wendt recently retired as a partner of Los Angeles-headquarter Capital Group Companies, one of the world’s largest investment management firms and parent company of the American Funds family of mutual funds.
During a 37-year career with the firm, he served as an investment analyst and portfolio manager, with research responsibilities spanning the global casino sector and other leisure industries.
His appointment follows the recommendation of the Board’s Nominating and Corporate Governance Committee, where he will also serve as a member.
“Greg brings deep expertise in investment management and a strong understanding of the gaming sector,” said DraftKings CEO Jason Robins. “His insights will be invaluable as we continue to scale our business, enhance the customer experience and strengthen DraftKings’ position as a leader in sports entertainment and technology.”
Commenting on his appointment, Wendt said: “I’m honored to join the DraftKings Board at such an exciting time for the company. DraftKings continues to redefine fan engagement and the gaming landscape through innovation that drives sustainable growth, and I look forward to supporting its future success.”
Shares in DraftKings Inc (NASDAQ:DKNG) closed 1.66 per cent lower at $30.14 per share in New York Thursday.