DraftKings Adds Former Capital Group Partner to Board of Directors
DraftKings Inc. (DKNG) has appointed Gregory W. Wendt as an independent director to its Board of Directors. The appointment was effective on October 24, 2025. Wendt will use his extensive background in finance and the global leisure sector to advise the Boston-based sports betting and gaming company.
Experience in Investment Management and Gaming
Wendt recently retired as a Partner at Capital Group Companies, one of the world’s largest investment management firms and the parent company of the American Funds mutual fund family.
He spent 37 years with the firm. During his career, he worked as an investment analyst and portfolio manager. His research responsibilities included the global casino sector and other leisure industries.
DraftKings’ leadership highlighted Wendt’s relevant expertise. Jason Robins, DraftKings’ Chief Executive Officer and Co-Founder, stated that Wendt brings “deep expertise in investment management and a strong understanding of the gaming sector.” Robins added that Wendt’s insights “will be invaluable as we continue to scale our business, enhance the customer experience and strengthen DraftKings’ position.”
New Governance Role and Educational Background
Wendt’s role on the board will include serving on the Nominating and Corporate Governance Committee. This assignment followed a recommendation from that committee.
Wendt holds an A.B. in Economics from the University of Chicago, where he now serves as a Trustee. He also earned an M.B.A. from Harvard University.
DraftKings is a major operator in the North American market. According to the company’s statement, it manages mobile and retail sports betting across 28 U.S. states, Washington D.C., and Ontario, Canada. The company also runs iGaming operations in five U.S. states and Ontario under the DraftKings brand. Additionally, it operates iGaming in four U.S. states and Ontario under its Golden Nugget Online Gaming brand.
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