Australian wagering company Tabcorp has announced the appointment of Mark Howell as its new CFO.
Howell joined Coles in 2017, just ahead of its demerger from Wesfarmers Limited. His tenure at Coles encompassed various senior finance, strategy, business development and investor relations roles.
Previously, Howell held senior positions at Rothschild and Goldman Sachs, where he developed a background in investment banking.
Adam Rytenskild, Tabcorp Managing Director and CEO, said: “Mark is the perfect fit for Tabcorp as we deliver our transformation. He’s passionate about our growth story and dynamic in his thinking.
"Wagering is one of the most competitive industries in Australia and Mark comes from an equally competitive customer-focused industry. His experience leading finance teams at Coles and working closely with investors will be invaluable moving forward.”
The appointment, subject to regulatory approvals, marks a strategic move for Tabcorp as it continues its development in the wagering sector.
This development follows Tabcorp’s recent engagement with 1/ST Content, a partnership aimed at providing fixed odds and tote betting services on North American racetracks. The collaboration seeks to leverage 1/ST Content's experience in horse and greyhound racing, aligning with Tabcorp’s goal to expand international racing content.
Earlier this year, having registered a 2% year-on-year revenue growth, Tabcorp witnessed the resignation of its former CFO, Daniel Renshaw. Renshaw departed citing personal reasons, leaving the company after playing a role in the successful demerger and launch of the new Tabcorp.
