May 31 (Reuters) - Flutter, the world's

largest online betting firm, named Rob Coldrake as its new group

CFO on Friday and said current group finance head Paul

Edgecliffe-Johnson would be stepping down from his role as group

CFO and executive director.

Earlier this month, the Irish-founded company moved its

operational headquarters to New York, saying it reflected the

importance of the U.S. market.

Separately, Flutter also said it completed shifting its

primary listing to the New York Stock Exchange on Friday.

Given the primary U.S. listing and the need for extensive

executive management time to be spent in the United States, the

board was in talks with Edgecliffe-Johnson regarding his ability

to meet this requirement due to his family commitments in the UK

and decided that it was best for him to step down, Flutter said.

Coldrake, currently the CFO of Flutter International, has

held the role since joining the firm in 2020.

Flutter's London-listed shares were down more than 8% in

early trade.

The stock has also been under pressure in recent days after

the Illinois Senate passed a budget that would double the tax

rate for the largest online sports betting operators in the

state.