The Lottery Corporation (TLC) has confirmed that managing director and CEO Sue van der Merwe will be retiring at the end of this year.

Van der Merwe will leave the company after serving as MD and CEO since June 2022, a role she was appointed to following the demerger from Tabcorp Holdings.

She previously led Tabcorp’s Lotteries & Keno business, serving as MD since the 2017 combination of Tabcorp and Tatts Group, prior to which she was chief operating officer of Lotteries at Tatts.

“Sue has played an instrumental role in the success of the lottery industry in Australia over more than three decades,” said TLC chairman Doug McTaggart. “Her deep experience and expertise have helped TLC to become the leading operator of lottery and Keno games in Australia and one of the best performing lottery businesses in the world.

“The Board congratulates Sue on her successful career and thanks her for her contribution to TLC and, in particular, for her strong leadership of TLC from 2022 when it became a standalone ASX-listed company. Sue will leave behind an enduring legacy of a company with a bright future, supported by a highly capable team and an exceptional culture.”  

The Board has launched a comprehensive process to select a new MD and CEO, which will include a global search and an evaluation of internal and external candidates. Van der Merwe will work with the Board to ensure a smooth transition.

“Leading TLC over the past three years has been a privilege and I am exceptionally proud of the results we, as a team, have delivered,” said van der Merwe. “I was fortunate to find my passion at an early stage in my working career. The close to 35 years I’ve spent in the lottery industry, culminating in leading TLC, has been an incredible career journey. 

“TLC is in excellent shape with strong fundamentals, unique characteristics and a bright future. I’m proud of the strong culture we’ve built, and I want to thank my team at TLC for their support over the years. I would also like to thank our Chairman, Dr Doug McTaggart, and all our Non-executive Directors for their support. I know I will be leaving the business in good hands, and I look forward to watching its continued success.”

Shares in Lottery Corporation Ltd. (ASX:TLC) gained 0.42 per cent to close at AUD$4.83 per share in Sydney Wednesday.