Tabcorp CEO and chair to retire in leadership overhaul
Tabcorp will embark on a global search for a new CEO after David Attenborough announced he will be stepping down.
The search for a new CEO comes as the company announced that board member Steven Gregg would succeed chairman Paula Dwyer as the company’s chairman when she retires from the board at the end of the year.
Attenborough will step down from his position in the first half of 2021.
“The combination with Tatts is now largely complete and, as such, now is the right time to start the process to appoint the next CEO who can work with the board and management team to take the company forward,” Mr Attenborough said.
“Until then, I am totally committed to steering Tabcorp through the COVID-19 pandemic and ensuring that our businesses are best positioned for the future.”
Tabcorp, which merged with Tatts in 2017 in an $11bn deal, announced the changes to the Australian Securities Exchange on Thursday.
The Australian reported Tabcorp shares rose about five per cent in early trade.
Dwyer said: “With the integration of Tatts nearing completion, the time is now right for a new chairman to lead the Tabcorp board into the future.
“The appointment of Steven Gregg will provide continuity of leadership and an orderly transition as the company identifies and transitions to a new managing director and CEO.”
Gregg, who has been on the Tabcorp board since 2012, said: “I look forward to working with my board colleagues and executive team to realise the opportunities Tabcorp has following the Tabcorp-Tatts combination: to drive shareholder returns and the continued trust of our customers, business partners, employees, governments and the broader community,” Mr Gregg said.