Jennifer Aguiar will become DraftKings’ new chief compliance officer as Tim Dent, one of DraftKings’ longest-serving executives, leaves the operator to pursue a consultant role.
Aguiar, previously vice president of compliance and risk, is to replace Dent as chief compliance officer and will report directly to Jason Robins, DraftKings’ co-founder, chief executive and chairman.
As CCO, Aguiar will be responsible for overseeing corporate compliance and enterprise risk management. Among other responsibilities, she will ensure DraftKings’ compliance with all US and international licensing requirements related to daily fantasy sports, sports betting and igaming.
“Jennifer has been an instrumental asset to our organisation, successfully navigating the company through the emergence of daily fantasy sports and the state-by-state licensing and regulatory process,” Robins said.
“The compliance framework developed by Jennifer has been a critical element in positioning DraftKings to enter new states quickly following the legalisation 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.”
Aguiar joined DraftKings in 2016 as head of compliance and risk and led the development of the internal DraftKings compliance program from the ground up.
Prior to joining DraftKings, Aguiar occupied compliance and risk management leadership roles at several large financial institutions, including serving as director of compliance at the Lending Club, and at Citizens Bank and Capital One.
Dent has held senior positions including chief finance officer since joining DraftKings in 2013, having been an early investor in the business and advisor following its founding in 2012.
Dent, who switched from CFO to chief compliance officer in 2019, will now move into the position of senior vice president of regulatory operations, and will continue to manage DraftKings’ relationships with regulatory authorities before transitioning to a consultant role later in 2021.