Tabcorp Managing Director and CEO David Attenborough has retired from his role effective 31 May – one of a number of key changes to the company’s boardroom and senior management team following the demerger of its lottery business.
Attenborough will be replaced by long-time Tabcorp executive Adam Rytenskild in the leadership role starting 1 June, having already received all regulatory approvals.
Also on the way out is Chairman and non-executive director Steve Gregg, who will step sideways to become Chairman and non-executive director of the newly ASX-listed The Lottery Corporation. Bruce Akhurst will assume the role of Chairman of Tabcorp on 1 June 2022.
Among the directors to follow Gregg to The Lottery Corporation are Harry Boon and Anne Brennan, with Brett Chenoweth, Raelene Murphy and Karen Stocks be formally appointed to the Tabcorp board as non-executive directors in their place.
Likewise, Adam Newman ceases in his role as Chief Financial Officer to take up the same role with The Lottery Corporation, replaced at Tabcorp by Daniel Renshaw, while Chief Legal and Risk Officer and Co-Company Secretary Patrick McGlinchey also moves sideways.
Tabcorp announced in July 2021 that it would undertake a demerger of its Lotteries & Keno business after rejecting multiple proposals to acquire the company’s Wagering & Media arm. Under the demerger, Lotteries & Keno becomes a separate ASX-listed entity, with the Wagering & Media and Gaming Services divisions remaining under the existing listed Tabcorp entity.
The demerger becomes complete as of 1 June 2022.