UK boss of National Lottery operator Camelot to step down
Simply sign up to the Retail & Consumer industry myFT Digest -- delivered directly to your inbox.
Camelot, the operator of the National Lottery, has announced that its UK boss Andy Duncan will step down later this summer.
Mr Duncan became UK managing director in 2011 and was subsequently appointed UK chief executive in 2014. He was previously was chief executive of broadcaster Channel 4 and luxury car dealers H.R. Owen.
Camelot, which runs lotteries around the world, said its global chief executive, Nigel Railton, will take over UK operations during a “transitional period… whilst the board considers its options for permanent succession.”
According to its latest filing to Companies House, Camelot’s UK business achieved ticket sales of £7.6bn in the year to March 31 2016, up from nearly £7.3bn the previous year. Pre-tax profits increased to £96.7m, up from £89.8m a year earlier.
The group is also designed to direct much of its revenue to “good causes,” from charities to funding sports programmes, with Mr Duncan saying that £10bn had been given to these groups during his tenure.