DraftKings appoints new compliance chief
DraftKings has promoted Jennifer Aguiar to become the company’s chief compliance officer (CCO), reporting directly to co-founder, CEO and chair Jason Robins.
Aguiar was previously vice president for compliance and risk. As CCO, she is responsible for overseeing corporate compliance and enterprise risk management, including ensuring DraftKings complies with all US and international licensing requirements related to daily fantasy sports, sports betting and iGaming.
She succeeds Tim Dent, who joined DraftKings in 2013 and most recently was CCO and had held other leadership positions related to compliance, finance, legal and regulatory matters. Dent is taking on the role of senior vice president for regulatory operations and will continue to manage the company’s relationships with regulators before moving to a consultant role later in the year.
Aguiar joined DraftKings in 2016 as head of compliance and risk and led the development of the company’s compliance program. This included implementing an education and certification program for the compliance team, customer-facing employees and the company at large.
Before joining DraftKings, Aguiar held compliance and risk-management leadership roles at several large financial institutions, including the Lending Club, Citizens Bank and Capital One.
‘Jennifer has been an instrumental asset to our organization, successfully navigating the company through the emergence of daily fantasy sports and the state-by-state licensing and regulatory process,’ Robins says in a statement. ‘The compliance framework developed by Jennifer has been a critical element in positioning DraftKings to enter new states quickly following the legalization of sports betting and iGaming. She has created a culture of compliance at DraftKings and will continue to play a pivotal role in the company’s growth.’
DraftKings began trading on Nasdaq in April 2020 when it closed its business combination with publicly traded special purpose acquisition company Diamond Eagle Acquisition Company and SBTech.