PointsBet announces CFO transition and key organisational changes
This structural shift will result in the departure of Melissa Fitzpatrick, who led the people functions across six countries since November 2021.
PointsBet had announced the transition of Group CFO Andrew Mellor and the appointment of Alister Lui to assume the role of Group CFO following the company’s half-year results in February 2024.
Mellor, who served as Group CFO for five years, played a role in the growth and strategic direction of PointsBet, notably in transforming finance and investor relations functions during the company’s expansion across 16 jurisdictions.
In discussions regarding his future aspirations, a transition plan was established for Mellor’s departure, allowing him to assist in the transfer of responsibilities to Alister Lui until 29 February 2024, especially concerning PointsBet’s 2024 half-year financial results and the final completion of the sale of the US Business to Fanatics Betting and Gaming.
Alister Lui, the current CFO (Australia) and Head of Group Finance at PointsBet, will succeed Mellor in March 2024. With over 17 years of experience in senior banking and finance roles, Lui has been part of PointsBet’s finance team for six years.
CEO and Managing Director of PointsBet, Sam Swanell, said: “Mel has played a valuable role at the Group level managing our people functions across six countries, with a focus on ensuring consistent best practice.
“Her experience and expertise came to the fore particularly during the challenges of Covid, with driving forward our global sustainability and diversity initiatives, with leadership training programs and with Remuneration Committee processes. I thank Mel and wish her all the best. ”
Additionally, in light of the sale of the US Business, the duties associated with the Group CPO role will be integrated into PointsBet’s Australian and Canadian Human Resource functions.
This organisational restructuring follows recent developments within PointsBet, including the divestment of its US business to Fanatics for $225m, aimed at increasing its market position in the Australian and Canadian online markets.
Earlier this month, there was a discreet acquisition of a stake in PointsBet by Stake.com founder, Ed Craven and his business partner, Bijan Tehrani.
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