Tabcorp Appoints Gillon McLachlan as New MD & CEO

Tabcorp Holdings Limited has announced the appointment of Gillon McLachlan as its new Managing Director and Chief Executive Officer. Mr. McLachlan will officially join Tabcorp on August 5, 2024, pending necessary regulatory approvals. Until then, he will serve in an observer capacity, with Bruce Akhurst continuing as Executive Chairman.

Mr. McLachlan brings a decade of experience as CEO of the Australian Football League (AFL), where he spearheaded significant growth and transformation. Under his leadership, AFL revenues more than doubled from $502 million in 2013 to $1,063 million in 2023. He also secured the largest sports broadcasting rights deal in Australian history, expanded the AFL competition to 18 teams, and launched the AFLW competition. His expertise extends to managing complex stakeholder environments and collaborating effectively with government bodies. Additionally, Mr. McLachlan has extensive knowledge of the racing industry as a thoroughbred owner and breeder.

Bruce Akhurst remarked that Mr. McLachlan’s proven track record and deep understanding of wagering, sport, and racing make him well-suited to drive growth at Tabcorp.

Mr. McLachlan holds a Bachelor of Laws (Hons) from Melbourne University, a Bachelor of Commerce from Adelaide University, and has completed the Senior Executive Program at Stanford University.

“Gill needs no introduction – he is recognised as one of Australia’s leading CEOs and securing Gill is a great vote of confidence for Tabcorp’s future. We’ve laid strong foundations and Gill brings a growth mindset and the capability to capitalise on the opportunities ahead of us,’’ Bruce Akhurst commented.

“Gill has a deep understanding of sport, racing and wagering, combined with significant commercial acumen which was highlighted in the substantial growth of AFL revenues under his leadership. Importantly for us, Gill brings an added dimension of having been responsible for some of the most significant media rights deals in Australian sports history and we’re excited about the potential growth opportunities for our wagering and media business under his leadership,” he added.

“In the two years since demerger, we have significantly improved our customer offering and delivered key structural reforms in Queensland and Victoria. The transformation of Tabcorp is not complete and I am delighted that Gill is joining us to continue to drive change and growth,’’ he said.

“We’re pleased that Gill will commence shortly, and until then, along with the executive team, we’re focussed on executing on our key strategic goals and adding value for our shareholders.”

“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 omnichannel entertainment offering across digital, retail and the media business,’’ added Gillon McLachlan.

“Tabcorp is a proudly Australian company that contributed $1.1 billion to the racing industry last year and continues to be one of the racing industry’s biggest partners, as well as the wagering licensee in all states, except for WA. This is a really important component of my decision. There are enormous opportunities ahead and I’m looking forward to driving the sport category among other things. Tabcorp is part way through its transformation journey and I’m looking forward to working with the leadership team to accelerate and deliver on the growth opportunities.”

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