FanDuel to Give Exiting CEO Amy Howe $4.37M Severance
Sportico.com • • business
Key Points:
- FanDuel will pay outgoing CEO Amy Howe a severance package of $4.37 million, over four times her annual base salary, along with vested stock options and up to 12 months of health care coverage.
- Howe, who served as CEO since 2021, was replaced by FanDuel president Christian Genetski as announced in Flutter’s Q1 earnings report.
- The severance amount represents two years of combined base pay and bonus opportunities, reflecting Howe’s amended contract with a $1.03 million base salary and equivalent target bonus.
- Under Howe’s leadership, FanDuel became a leading brand in U.S. sports betting and iGaming, reporting $2.14 billion in revenue for fiscal 2025 and 4.8 million average monthly players.
- Flutter’s shares have fallen nearly 60% over the past year amid a broader gaming sector decline and competition from emerging prediction markets, though the stock saw a slight rise after the earnings release.
