The Lottery Corporation chair and non-executive director has been named as the next chair of Westpac Bank.

Given this appointment and the focus that Mr Gregg will be bringing to this role at WBC, he has decided that he will need to reduce his workload; consequently, he will be retiring in due course from his role as Chairman and director of The Lottery Corporation.

Mr Gregg said: “TLC is a wonderful company and it’s been a privilege to be part of its development and its recent listing as a top 50 company on the ASX.

Whilst it is with regret that I will, in due course, be stepping down from my roles at TLC, I have every confidence that the Company is in a strong position and well placed to continue its journey under the capable leadership of Sue van der Merwe and her executive team, and supported by an experienced and well credentialed board.”