Paddy Power Betfair chief executive Breon Corcoran is to step down after 16 years with the group, however he will continue to lead the Paddy Power Betfair group and complete the integration of the Paddy Power and Betfair businesses which merged in 2016. Speaking on his decisions, Corcoran said: "This was a very difficult decision to make, and there is never a good time to leave, but this is the right decision for me and my family, and following the successful completion of the merger integration it is an opportune time for the business too. I look forward to watching the continued success of Paddy Power Betfair as a shareholder."