DraftKings outlines ambitions with new CFO appointment

DraftKings has recruited a high profile chief financial officer who will also act as strategic advisor to chief executive Jason Robins.

Jason Park joins the sports betting and daily fantasy operator after more than a decade at Boston-based Bain Capital Private Equity, where he served as an operating partner focused on technology investments.

“I am thrilled to be joining DraftKings at this important inflection point for the company,” said Park (pictured).  “DraftKings has already established itself as a clear leader in the sports technology and entertainment arena and I look forward to working with this exceptional team to drive and capture the significant growth potential ahead.”

DraftKings – which has been linked with an IPO for years – said Park has been brought in to help Robins and senior management in navigating the changes to the sector and the company’s business model since its founding in 2012. While at Bain, Park worked collaboratively with CEOs, CFOs, and management teams to develop and achieve growth plans.

“DraftKings has experienced exponential growth over the last year and we are excited to welcome someone of Jason’s calibre to the team,” said Robins.

“Jason will step in and help accomplish our long-term financial goals. He has a track record of success around investments and acquisitions which will aid in the growth of our business and his world-class background in evolving and executing growth plans will make him invaluable to our organisation.”

Park, who also formerly worked for McKinsey & Company, takes over the CFO role with immediate effect, replacing Tim Dent, who has overseen financial operations since 2012.

His predecessor Dent will take on an expanded chief compliance role to include the oversight of all compliance, licensing, regulation and responsible gaming efforts. Dent will also ensure compliance with all licensing requirements and uphold the vast number of consumer protection measures on the DraftKings platform.