Tabcorp CEO to step down in H1 2021
David Attenborough ends 10-year spell with Australian wagering giant
Tabcorp CEO David Attenborough will step down from his role in the first half of 2021 to end a decade at the firm.
The ASX-listed operator confirmed the news on Thursday morning, indicating a “global search” for Attenborough’s successor was already underway.
Attenborough joined Tabcorp in April 2010 as managing director for wagering, before stepping up into the senior MD and CEO role in October of that year.
Speaking about his departure, Attenborough cited the completion of Tabcorp’s long-running merger with fellow Aussie operator Tatts Group as a watershed moment for the business.
“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,” said Attenborough.
“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,” he added.
Tabcorp has also revealed that current chair Paula Dwyer will also step down at the end of December.
Dwyer will be succeeded by Steven Gregg, a non-executive director of the business and the chair of its people and remuneration committee, having worked within the business in various roles since 2012.
Dwyer paid tribute to her successor, citing the continuity of leadership afforded by the appointment as the firm looks to recruit a new MD and CEO.
“Steven’s contribution to the Tabcorp Board has been significant, and his track record in stewarding complex companies navigating change, including CEO transitions, positions him well for success as the next chairman of Tabcorp,” Dwyer added.
Tabcorp operates a number of Australian brands including tab.com.au, Luxbet, Sky Racing, Sky Sports Radio, Tabcorp Gaming Solutions (TGS) and Keno. The firm employs 3,000 people.