SYDNEY: Steven Gregg, the current Chairman and director of The Lottery Corporation (TLC), will step down from his roles on 31 March 2024.
He will focus on his new position as a director and Chairman-elect of Westpac Banking Corporation, which he was appointed to in October 2023.
The Board has chosen Dr Doug McTaggart, a Non-executive Director and the chairman of TLC’s Risk and Compliance Committee, to replace Mr Gregg as Chairman. Dr McTaggart will take over the role on 1 March 2024.
Mr Gregg said he was proud of his achievements as TLC’s Chairman, and thanked the Board for their support.
He said he had helped The Lottery Corporation become a successful standalone ASX50 company, with a clear purpose, vision, principles, strategy, and frameworks.
He also said he had overseen TLC’s operational separation from Tabcorp. He said he was confident that Dr McTaggart would lead The Lottery Corporation to a bright future.
Dr McTaggart said he was honoured to be elected TLC’s Chairman, and praised TLC as a world-class lottery operator.
He said TLC had an attractive portfolio of licences and games, and a plan to deliver long-term growth and returns for its stakeholders. He said he was excited to lead The Lottery Corporation in its next phase of development.