Nancy Cruickshank
About Nancy Cruickshank
Independent non-executive director at Flutter since May 2019, age 54, with a 25+ year digital entrepreneurship background and a BA in History from Leeds University. She is currently an Operating Partner at Exponent PE and has led/created multiple notable digital businesses (Condé Nast online, Telegraph Media Group Digital, Handbag.com; founder of My Showcase, acquired in 2018). Core credentials: chair experience, digital strategy, consumer marketplace expertise, and board governance in public companies.
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Condé Nast | Launched Condé Nast online | 1996 | Digital leadership, brand online commercialization |
| Telegraph Media Group | Oversaw Digital business | Not disclosed | Led digital transformation in media operations |
| Handbag.com | Developed fashion/beauty market leader; sold to Hearst | 2001–2006 | Built and exited a leading online property via sale to Hearst |
| My Showcase | Founder/CEO; acquired by Miroma Group | Named top-15 UK startup (2016); acquired Feb 2018 | Scaled consumer startup to successful sale |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Exponent PE | Operating Partner | Current | Part of plural non-executive portfolio |
| Go City | Chair of the Board | Current | Consumer experiences/attractions platform |
| Oodle Car Finance | Non-Executive Director | Current | Consumer finance; UK-based |
| Allegro.eu SA | Non-Executive Director | Current | E-commerce marketplace (Poland) |
Board Governance
- Independence: Independent non-executive director; standing for annual re-election per Articles.
- Years of service: Appointed May 2019.
- Current committee roles (2025 Proxy): Audit Committee member; Risk & Sustainability Committee Chair.
- 2023 committee engagement: Active across Risk & Sustainability, Compensation & HR, Nominating & Governance, and Workforce Engagement (stood down Nov 9, 2023).
| Committee (2025 status) | Member/Chair | Source |
|---|---|---|
| Audit Committee | Member | |
| Compensation & HR Committee | Not currently listed as member (was in 2023) | |
| Nominating & Governance | Not currently listed as member (stepped down Apr 28, 2023) | |
| Risk & Sustainability | Chair |
| 2023 Attendance (Committee Reports) | Attendance | Notes |
|---|---|---|
| Risk & Sustainability Committee | 5/5 | Full attendance; oversight of material risks and sustainability agenda |
| Compensation & HR Committee | 5/6 | Missed one meeting due to family bereavement (noted) |
| Nominating & Governance Committee | 2/2 | Stepped down Apr 28, 2023 |
| Workforce Engagement Committee | 4/4 meetings; 4 listening sessions | Chair from Oct 1, 2023 until stood down Nov 9, 2023 |
Formal conflicts procedures: bi-annual confirmations; advance notice required; director excluded from conflicted discussions. Board monitors external commitments and shareholder feedback.
Fixed Compensation
| Year | Role | Board/Committee Membership (as of year-end) | Fees (£000) | Notes |
|---|---|---|---|---|
| 2022 | Non-Executive Director | NED | 107 | NEDs do not participate in incentive schemes or receive bonuses/share-based awards (2022 policy) |
| 2023 | Non-Executive Director | Risk & Sustainability; Compensation & HR | 130 | Includes taxable gift benefit of £723 (tax paid by company) |
| Flutter NED Fee Schedule (effective Sep 1, 2022) | Amount (€000) |
|---|---|
| Non-Executive Director base fee | 145 |
| Chair of Audit Committee | 30 |
| Chair of Remuneration Committee | 30 |
| Chair of Risk Committee | 30 |
| Chair of Nomination Committee | 20 |
| Chair of Workforce Engagement Committee | 30 |
Performance Compensation
| Item | Disclosure |
|---|---|
| NED incentive participation (2022) | None; NEDs did not receive bonuses or share-based awards |
| 2023 NED compensation disclosure | Single figure shows fees and minor taxable benefit; no bonus/equity awards noted for Nancy Cruickshank |
Other Directorships & Interlocks
| Company | Role | Industry Relation to Flutter | Notes |
|---|---|---|---|
| Go City | Chair | Consumer experiences; not a direct Flutter competitor | Enhances consumer/digital platform governance experience |
| Oodle Car Finance | NED | Consumer finance; no apparent direct overlap | Financial services oversight expertise |
| Allegro.eu SA | NED | E-commerce marketplace; no apparent direct overlap | Marketplace operating insights |
Expertise & Qualifications
- Digital entrepreneurship and leadership across media, marketplaces, and consumer platforms (Condé Nast online, Telegraph Digital, Handbag.com) .
- Founder/operator experience with successful exits (My Showcase acquired 2018) .
- Current private equity operating partner role (Exponent PE), adding portfolio governance perspective .
- Public company board experience across European/UK markets (Go City chair; Allegro.eu SA; Oodle Car Finance) .
- Education: BA History, Leeds University .
Equity Ownership
| Date (Reference) | Ordinary Shares Beneficially Owned | % of Outstanding | Notes |
|---|---|---|---|
| Oct 31, 2023 (DRS/A) | 1,255 | <1% | As per beneficial ownership table |
| Dec 31, 2023 (Annual Report table) | 1,255 | <1% | Directors’ and Company Secretary’s shareholdings |
| Feb 29, 2024 (10-K) | 1,255 | <1% | Beneficial ownership table (177,126,921 shares outstanding) |
Governance Assessment
- Strengths: Chair of Risk & Sustainability with full attendance (5/5), indicating strong oversight of material risks, safer gambling strategy, cyber, compliance, and sustainability; member of Audit Committee in 2025, enhancing financial oversight.
- Engagement: Active in Compensation & HR (5/6, excused absence due to family bereavement) and chaired Workforce Engagement until its responsibilities were absorbed, with substantive listening sessions across key units.
- Independence/tenure: Independent non-executive since 2019; breadth of external roles provides diverse perspective; company enforces formal conflicts processes and monitors external commitments.
- Alignment considerations: Ownership is de minimis (<1%), consistent with typical NED profiles but implies limited direct economic alignment vs executives; compensation is cash-based with no performance-linked equity for NEDs under 2022 policy; 2023 disclosure shows fees only for Nancy.
- Red flags: None material from retrieved documents; attendance strong across committees with one noted excused absence; no specific related-party transactions involving Nancy identified in the reviewed disclosures; board-level conflicts processes documented.