New CFO at Betfair

Betfair has appointed Alexander Gersh as its new chief financial officer. Gersh, who has also been made an executive director, succeeds Stephen Morano in the CFO role and will take up his new post on 3 December.

Gersh joins the betting exchange operator from digital pay TV technology provider NDS Group where he spent seven years as chief financial officer. Prior to that he was CFO at global network services provider Flag Telecom. Betfair confirmed that former CFO Morana will be stepping down from the board at Betfair on 3 December but that he 'has agreed to make himself available over the next few months to ensure a smooth transition'.

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