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Tabcorp investors cheer shock CEO and chair departures – Sydney Morning Herald

Tabcorp has announced its chief executive David Attenborough will retire in the first half of 2021 and that chairman Paula Dwyer will step down at the end of December.

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Tabcorp’s shares jumped 7.3 per cent in early trading to $3.69. By 11.30am, they were 5.2 per cent higher at $3.62.
Patrick Potts, a fund manager at Martin Currie, which is Tabcorp’s fifth largest shareholder, said his fund had been pushing for changes since it joined Tabcorp’s share register via its $11 billion merger with Tatts in 2017.
“Weve been in ongoing discussions with the board around several governance issues, mainly around length of tenure, board accountability and board renewal,” M…

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