13 February 2019
Tabcorp Holdings Limited today announced that Chief Financial Officer, Damien Johnston has advised the Company he intends to retire in FY20.
Tabcorp has commenced a comprehensive search process and will update the market in due course. Mr Johnston has agreed to remain with Tabcorp until the completion of the search process and appointment of a new Chief Financial Officer. This will ensure an orderly succession and smooth transition.
Tabcorp Managing Director and CEO, David Attenborough said: 'Mr Johnston has successfully led Tabcorp's finance function since 2011. He has overseen a number of strategic and capital management initiatives which underpin the company's strong financial position.
'The integration of Tabcorp and Tatts is progressing well, and we have upgraded our synergy targets. Mr Johnston's retirement coincides with the substantial completion of the integration program in FY20.'
For more information: Media: Nicholas Tzaferis, GM Corporate Communications, +61 3 9868 2529
Financial analysts: Chris Richardson, GM Investor Relations, +61 3 9868 2800