DraftKings Hires New Chief Financial Officer
DraftKings has announced the hiring of new Chief Financial Officer Jason Park to help boost the company’s success, as more states in the U.S. begin to welcome sports betting and pass laws allowing for daily fantasy sports play. Park will also serve as a strategic advisor to CEO Jason Robins and senior management in navigating the operations that have helped DraftKings thrive since its founding in 2012.
Tim Dent, who had been overseeing financial operations for the company since 2012 will transition fully into the role of Chief Compliance Officer.
“DraftKings has experienced exponential growth over the last year and we are excited to welcome someone of Jason’s caliber 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 organization.”
Park joins from Bain Capital Private Equity where he was an Operating Partner and focused on technology investments. For more than 10 years, Park worked collaboratively with CEOs, CFOs, and management teams to develop and achieve growth plans. Prior to Bain Capital, Jason spent eight years with McKinsey & Company. Park holds an MBA from the Wharton School at the University of Pennsylvania and a MAcc (Master of Accountancy) and a BBA from the University of Michigan.
“I am thrilled to be joining DraftKings at this important inflection point for the company,” said Park. “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.”
With Park taking over duties as CFO immediately, current CFO Tim Dent will transition to focus on his primary role as Chief Compliance Officer. Dent’s role will expand to include the oversight of all compliance, licensing, regulation and responsible gaming efforts. Furthermore, he will ensure compliance with all licensing requirements and uphold the vast number of consumer protection measures on the DraftKings platform. Dent will also drive partnerships with regulators as DraftKings continues to expand its product in the U.S. and international markets.