Australia-facing Tabcorp has announced the appointment of Brett Chenoweth as its new chairman following the decision by Bruce Akhurst to retire from the role. Chenoweth will officially take over as chairman when Akhurst steps down after the group’s 2024 annual general meeting (AGM) on 23 October. A hugely experienced executive, Chenoweth has been a non-executive
Australia-facing Tabcorp has launched the appointment of Brett Chenoweth as its novel chairman following the decision by Bruce Akhurst to retire from the aim.
Chenoweth will formally rob over as chairman when Akhurst steps down after the community’s 2024 annual usual meeting (AGM) on 23 October.
A hugely skilled executive, Chenoweth has been a non-executive director of Tabcorp since 2022. He is at sign serving as chair of the Threat, Compliance and Sustainability Committee.
He served in a series of senior positions with a quantity of companies. This incorporates a two-year spell as CEO and managing director of Australian media community APN Records and Media.
He furthermore frolicked at Silverfern Personnel, Telecom Corporation of Sleek Zealand and Ecorp.
Extra not too long within the past, Chenoweth has centered more on directorship and chairman roles. He is at sign a director of hospitality community EVT Exiguous and holds other, unlisted directorships at the side of chairman of Canberra Records Centres and Retire Australia, moreover to a director of instrument developer One Sleek Zealand Personnel.
Continuing the transformation of Tabcorp
Commenting on his novel aim, Chenoweth acknowledged he is having a explore forward to persevering with Tabcorp’s transformation. The corporate accomplished its demerger in 2022, splitting lottery operations from its wagering, media and gaming services and products.
“The work performed over the closing two years has been indispensable in building sturdy foundations and positioning us to capitalise when the market returns to deliver,” Chenoweth acknowledged. “Further opportunity awaits and I’m having a explore forward to working closely with CEO elect Gill McLachlan and my board colleagues to unlock the shareholder price that we all know lies internal this company.”
Chenoweth furthermore praised the outgoing Akhurst, who has been at the helm as chairman since July 2027.
“I private to pay tribute to Bruce for his notorious leadership one day of the demerger and advent of a novel Tabcorp,” Chenoweth acknowledged.
Akhurst is place to dwell as a director performing extra executive tasks till the terminate of 2024. This contains helping with the specified regulatory approvals direction of for incoming CEO McLachlan.
“I’m happy with our achievements since the demerger,” Akhurst acknowledged. “We’ve moved hasty to alter into the company. We’re a sooner, more modern and more responsive organisation lately than we now private ever been.
“I private to in my thought congratulate Brett on his appointment as chair. I will work closely with him to create determined a comfortable transition over the impending months. Brett’s one in every of the substantial alternate minds I’ve labored with and I’m very chuffed to be passing the chairmanship over to him.”
Chenoweth’s wander ended in a serious lengthen in Tabcorp’s fragment ticket the day gone by (19 September).
Its shares private been up 5.8% on opening ticket at the time of writing. Nonetheless, shares private been up as phenomenal as 11.6% up earlier within the day.
Source: iGamingBusiness
