DraftKings Inc. has named Jennifer Aguiar as its new chief compliance officer, an executive-level position that reports directly to co-founder, CEO and Chairman Jason Robins.
Replacing Tim Dent as CCO, Aguiar will be responsible for overseeing corporate compliance and enterprise risk management. She will ensure DraftKings’ compliance with all U.S. and international licensing requirements related to daily fantasy sports, sports betting and iGaming, among other responsibilities.
Previously, Aguiar served as the company’s vice president, compliance and risk, reporting to Dent.
Dent, who most recently served as the CCO in addition to numerous other leadership positions related to compliance, finance, legal and regulatory matters, will be moving into the position of senior vice president, regulatory operations. He will continue to manage the company’s relationships with regulatory authorities before transitioning to a consultant role later in 2021.
“Jennifer has been an instrumental asset to our organization,” said Robins, “successfully navigating the company through the emergence of daily fantasy sports and the state-by-state licensing and regulatory process.
“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.”
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.
She implemented a rigorous education and certification program for the compliance team, customer-facing employees and the company at large which instilled a uniform risk management and regulatory focus across all aspects of the business.
Before 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, Citizens Bank and Capital One.