Australian betting and gaming operator Tabcorp Holdings has named Mark Howell as its next chief financial officer (CFO).
Howell currently leads the finance function for Coles Group’s Liquor business, Australia’s leading retail liquor network, and will commence his new role prior to June 2024.
He will bring a wealth of consumer and retail finance experience, having joined Coles in 2017, just prior to its demerger from Wesfarmers.
Prior to joining Coles, he held senior investment banking roles at Rothschild and Goldman Sachs in Australia and New York, and began his career at Ernst and Young.
Howell will replace Daniel Renshaw, who stepped down as CFO at the end of August for personal reasons, with Damien Johnston taking on the interim CFO role since September.
“Mark is the perfect fit for Tabcorp as we deliver our transformation,” said Tabcorp managing director and CEO Adam Rytenskild. “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 is subject to necessary regulatory approvals.
Shares in Tabcorp Holdings Ltd (ASX:TAH) closed 0.69 per cent higher at AUD$0.725 per share in Sydney Tuesday.