Australia

Tabcorp Announces Senior Management Team Changes

Published

3 years ago

June 1, 2022

Niji Narayan

Tabcorp Announces Senior Management Team Changes

Reading Time: < 1 minute

Tabcorp has announced changes that will take place on the demerger of The Lottery Corporation Limited after the NSW Supreme Court approved the business’s spin-off proposal.

Steven Gregg moves from chairman and non-executive director of Tabcorp to become chairman and non-executive director of The Lottery Corporation. Bruce Akhurst will chair Tabcorb.

Meanwhile, Harry Boon and Anne Brennan leave the Tabcorp Board to assume positions as non-executive directors of The Lottery Corporation, which will be spun off from Tabcorp on June 1.

David Attenborough has stepped down as Tabcorp’s managing director and chief executive officer and will be replaced by Adam Rytenskild on June 1. Adam Newman has stepped down as chief financial officer of Tabcorp to take up the role of chief financial officer of The Lottery Corporation. Daniel Renshaw will become Tabcorp’s chief financial officer.

Brett Chenoweth, Raelene Murphy and Karen Stocks will be appointed as non-executive directors to Tabcorp’s board, subject to receipt of all necessary regulatory and ministerial approvals. They will serve as observers to the board from June 1, 2022.

Tabcorp first announced plans to spin off its lottery and keno divisions in July 2021 following a strategic review of its operations.

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.