DraftKings Inc. announced that Jason Park, DraftKings? Chief Financial Officer, will become the Company?s Chief Transformation Officer, effective as of May 1, 2024. In this newly created role, Mr. Park will lead initiatives to deploy cutting edge technologies to capture additional operating efficiencies as well as oversee the integration of the proposed acquisition of Jackpocket Inc. (Jackpocket).

Alan Ellingson, DraftKings? Senior Vice President, Finance and Analytics, will be elevated to Chief Financial Officer, effective as of May 1, 2024. Mr. Ellingson will continue to enhance shareholder value over time by driving the Company towards its financial objectives.

Mr. Park joined DraftKings as Chief Financial Officer in June 2019 and oversaw the Company?s transition to the public markets. During his tenure as Chief Financial Officer, DraftKings? revenue grew from $323 million in 2019 to $3,665 million in 2023.

The Company also produced positive Adjusted EBITDA in the second and fourth quarters of 2023 due in part to Mr. Park?s leadership of operational efficiency programs. Alan Ellingson joined DraftKings in 2020 and currently serves as the Company?s Senior Vice President, Finance and Analytics. For the past four years, Mr. Ellingson has worked closely with Mr. Park to develop a world-class finance and accounting organization, which includes building the forecasting capabilities that support the creation, tracking and ongoing refresh of the Company?s multi-year financial objectives.