Tabcorp Executive Leadership Team Changes

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Stock Tabcorp Holdings Ltd (TAH.ASX)
Release Time 20 Dec 2024, 8:29 a.m.
Price Sensitive Yes
 Tabcorp Announces Executive Leadership Team Changes
Key Points
  • Creation of Chief Wagering Officer role to drive wagering revenue
  • Appointment of Chief Commercial and Media Officer to maximize asset value
  • Departure of Chief Customer Officer and Chief Information Officer
Full Summary

Tabcorp Holdings Limited (Tabcorp) has announced changes to its Executive Leadership Team (ELT) to increase its wagering and media capabilities and deliver on its strategic growth ambitions. Central to the changes is the creation of a Chief Wagering Officer role, which will bring together the core wagering functions of digital, retail, trading, marketing, and product, including Tote innovation. This structure will provide the Chief Wagering Officer control of key levers that drive wagering revenue and better connect the TAB ecosystem. A search process for the Chief Wagering Officer role is well advanced, and the appointment is expected to be announced in the new year. Additionally, a Chief Commercial and Media Officer role has been created to deliver stronger commercial outcomes and maximize the value of Tabcorp's assets across domestic and international media (Sky Racing) and its retail footprint. This role will also have responsibility for the Gaming Services business, Max. The new ELT appointments include Jarrod Villani as Chief Commercial and Media Officer, Narelle McKenzie as Chief Legal Officer, and Robert Fraser as Chief Technology & Transformation Officer. As part of these changes, the Chief Customer Officer, Jenni Barnett, and Chief Information Officer, Alan Sharvin, will be leaving the business. The changes are aimed at increasing Tabcorp's wagering capability and driving growth across both wagering and media, allowing one executive to control the key wagering assets within the ecosystem.

Outlook

The changes to Tabcorp's Executive Leadership Team are expected to increase the company's wagering capability and drive growth across both wagering and media, allowing one executive to control the key wagering assets within the ecosystem. The company is moving quickly to execute on the exciting opportunities that lie within its unique asset base.