McLachlan stepped down from the AFL last year and recently signed as a senior advisor for Blackstone, the US private equity owner of Crown Resorts.
The former boss of the Australian Football League, Gillon McLachlan, has been appointed chief executive of ASX-listed wagering business Tabcorp.
McLachlan will join the business in August and assume the role of managing director and chief executive upon all necessary approvals. He will act as an observer under executive chair Bruce Akhurst until then.
McLachlan left the AFL last year after almost a decade in the code’s top job and recently signed as a senior advisor for Blackstone, the US private equity owner of Crown Resorts. McLachlan’s Blackstone role is not full-time. Tabcorp will pay him $1.5 million in addition to bonuses.after a board investigation following an allegation he used sexually inappropriate language about a female regulatory official.
Rytenskild had led the business since it demerged from The Lotteries Corporation in 2022. Tabcorp’s share price has fallen by more than 20 per cent since the demerger was completed and currently hovers at around 65¢. The group is in the midst of a strategic transformation forced by poor macroeconomic conditions and increased competition from global wagering behemoths which have eaten into Tabcorp’s once dominant market share through their strongholds in online sports betting.
“Gill needs no introduction- he is recognised as one of Australia’s leading chief executives and securing Gill is a great vote of confidence for Tabcorp’s future,” he said.Tabcorp’s share price increased by 10 per cent on Friday after NSW Treasurer Daniel Mookhey said the state would consider
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