DraftKings names new CFO as Park takes on transformation role

DraftKings has made a number of internal promotions aimed at increasing the company’s focus on operational efficiencies.

This will see chief financial officer Jason Park become chief transformation officer, with Alan Ellingson, DraftKings’ senior vice president of finance and analytics, assuming the role of CFO.

Park will switch to the newly created role of chief transformation officer on May 1, leading the company’s initiatives to deploy cutting edge technologies to capture additional operating efficiencies, as well as overseeing the integration of the proposed acquisition of Jackpocket.

“I have asked Jason Park to take on a new role at DraftKings to address and capture large efficiency opportunities that I expect will generate significant incremental profitability over the coming years,” said Jason Robins, chief executive officer and co-founder of DraftKings. 

“Jason’s unique skill set, based on his accomplishments over the last five years as our Chief Financial Officer and 11 years as a private equity Operating Partner, will allow us to further improve how we operate. In addition, I’m confident he will unlock the benefits of our proposed acquisition of Jackpocket following its closing to strengthen DraftKings’ position in U.S. online gaming. 

“There are also potentially transformational AI applications on the horizon that could change the way businesses operate and serve their customers to create potential long-term advantages,” Robins added.

Ellingson will take over from Park as CFO on May 1, having worked closely with him over the past four years to develop DraftKings’ finance and accounting organisation.

“I am very excited to elevate Alan Ellingson to Chief Financial Officer and have him continue to lead the Company on the very clear path that we have laid out,” said Robins. “Alan has been with DraftKings for more than four years, has extensive experience across our finance and analytics teams, and most importantly, deeply understands our core value drivers and focus on maximizing shareholder value.”

Shares in DraftKings Inc. (NASDAQ:DKNG) gained 4.16 per cent to close at $43.52 per share in New York Monday.