Tabcorp chairman Bruce Akhurst will step down from leading the board of the ASX-listed wagering giant after major investors expressed concern about the company’s weak performance and rising costs.
Mr Akhurst, who became chairman following the company’s demerger with The Lottery Corporation in 2022, will be replaced by fellow director Brett Chenoweth, who also chairs RetireAustralia and Canberra Data Centres.
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Zoe Samios covers wagering and the business of sport from the AFR's Sydney newsroom. She was previously the media and telecommunications reporter for The Sydney Morning Herald and The Age, and covered media at The Australian. Connect with Zoe on Twitter. Email Zoe at zoe.samios@afr.com
