FanDuel, a New York-based fantasy sports company, announced that the Chief Executive Officer Nigel Eccles, who cofounded the company in 2009, is leaving the company and stepping down from the Board of Directors.
Matt King, who served as Chief Financial Officer of the company from 2014-2016, has been named Chief Executive Officer and will join the Board effective immediately.
King was most recently an equity partner and the President of Regional Operations and Corporate Development at Cottingham & Butler. Before joining FanDuel in 2014, he was a Director at Kohlberg, Kravis, Roberts and Co., as well as at KKR Capstone for 11 years.
Before joining KKR, King was a Consultant at McKinsey & Company, where he served clients in a broad range of industries from insurance to petroleum.
He will be based out of FanDuel’s New York headquarters.
In addition to King, FanDuel announced that Carl Vogel has been named Chairman of the Board, and David Nathanson will also join as an independent Director. Vogel previously served as the Vice-Chairman and President of DISH Network Corp., a satellite broadcaster serving more than 14 million customers, and President and Chief Executive Officer of Charter Communications. Vogel currently serves as a Director at various public companies focused on media distribution, content creation, and advanced technologies that are relevant to FanDuel’s current and future business opportunities.
Nathanson, an 18-year veteran of 21st Century FOX, held various roles at the company, including General Manager & Chief Operating Officer of FS1, President of TVG, and most recently, Head of Business Operations of FOX Sports Media Group.
Founded in 2009, FanDuel is a fantasy sports company offering a multitude of one-day, weekly and season-long game options for NFL, NBA, MLB, NHL, Golf, WNBA, and the EPL, with new public and private leagues forming daily, ranging in size from two to thousands of players.
FanDuel is based in New York City with offices in Los Angeles, Orlando, Edinburgh, and Glasgow. It has raised funding from KKR, Google Capital, Time Warner/Turner Sports, Shamrock Capital, NBC Sports Ventures, Comcast Ventures, Pentech Ventures, Piton Capital and Bullpen Capital.