Gala Coral Interactive finance director Paul Meehan was today named as new finance chief at On the Beach.
He will succeed Wendy Parry who is to retire from the OTA on January 16, 2017.
Parry joined On the Beach in April 2010 and led the finance function covering its IPO last year.
The company said today: “A full transition and induction plan is in place and Wendy has agreed to be available for as long as required to ensure a smooth and orderly handover.
“Wendy’s retirement and Paul’s appointment are the result of a carefully planned and thorough succession planning and recruitment exercise, overseen by the nomination committee in anticipation of Wendy’s retirement plans.
Meehan joined Gala Interactive in April 2012 as part of a new management team, re-launching an online gaming business in Gibraltar.
The business launched three new online gaming sites, taking the largest brand to be UK market leader.
He was the director responsible for the planning and integration aspects of the merger between Gala Coral Group and Ladbrokes which was completed this month.
On the Beach chief executive Simon Cooper said: “I am delighted that Paul has agreed to join On the Beach as chief financial officer.
“He is an excellent cultural fit for the business and his skills, knowledge and experience will be invaluable as the group continues on its strong growth trajectory in both the UK and internationally.
“I would also like to take this opportunity to thank Wendy for all of her hard work and support since she joined On the Beach in 2010. Wendy has been incredibly important to the group’s success, not least helping to deliver our successful IPO in September 2015. I wish Wendy all the best for her retirement.”
The company reports annual financial results on December 6.