David Yu

Who is David Yu?

David Yu is the former chief executive officer of Internet betting exchange Betfair.

Yu studied computer science at UC Berkeley and Stanford.

Yu moved to London from California in 2000 at the behest of his employer Alta Vista. He became chief technology officer of Betfair in 2001. He was promoted to the position of CEO in January 2006 during a turbulent time for the company that saw the shakeup of the positions of CEO and Chairman with Sir Robert Horton being forced out as Chairman. As an IT guy, Yu's promotion to the helm was unusual.

He took the company public on the London Stock Exchange in October 2010.

On 27 June 2011, it was announced that David Yu would be leaving Betfair via a press release:-

After ten years with Betfair, and nearly six as CEO, David Yu has informed the Board that he believes it is now the right time for the company to start looking for his successor. He does not intend to renew his current contract and therefore the Board will now begin a search process for a new CEO. During the process of identifying his successor, David will remain fully committed to the Company and to delivering the plans for future growth.