Former AFL boss Gill McLachlan appointed as Tabcorp CEO

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 will 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.

Tabcorp’s incoming chief executive Gillon McLachlan.

Tabcorp’s incoming chief executive Gillon McLachlan.Credit: Alastair Brett

“Tabcorp is a wagering, broadcast and integrity services business and the challenges of growing it are appealing, it’s about creating entertainment for our customers in a safe way and providing a unique customer omni-channel entertainment offering across digital, retail and the media business,” McLachlan said.

McLachlan left the AFL last year after almost a decade in charge of the code 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.

Tabcorp’s former chief executive Adam Rytenskild stepped down in March 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 on online sports betting.

Former Tabcorp boss Adam Rytenskild stepped down in March.

Former Tabcorp boss Adam Rytenskild stepped down in March.Credit: Alex Ellinghausen

Akhurst has worked with McLachlan before in his former roles at Foxtel and Telstra and said on Monday his deep knowledge of wagering, sport and racing would benefit Tabcorp.

“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.

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