PointsBet names Alister Lui as new finance chief

Sydney-listed betting and gaming operator PointsBet Holdings has appointed Alister Lui as group chief financial officer (CFO) to succeed Andrew Mellor.

Mellor has served as group CFO for five years and will remain with the business until 29 February to assist with the transition of responsibilities to Lui, particularly in the lead up to PointsBet’s half year 2024 financial results and final completion of the sale of its US business to Fanatics.

“Andrew has made a transformational contribution to Pointsbet over his tenure,” said PointsBet chairman Brett Paton. “He has built a world class finance function that has grown from a small number of employees based in Australia to a high performing team operating across multiple regions.

“He has been an integral part of the global executive leadership team, driving our strong growth and expansion into new regions, while ensuring we had the right capital structure to execute the global strategy. On behalf of the Board and the broader PointsBet team, I would like to thank Andrew for all he has done for the business and wish him all the best in his future endeavours.”

Lui currently serves as CFO for Australia and head of group finance, and has been with PointsBet for more than six years in financial controller and treasury roles.

“Andrew Mellor has done an outstanding job in the role of group CFO as we built a fast-growing multi-national company,” said PointsBet CEO and managing director Sam Swanell. “I thank Andy for his support, and commitment to PointsBet.

“Alister has been a critical member of the finance team and I congratulate him on the move to the group CFO role. His expertise and knowledge of the business will continue to be a great asset to the Company and provide continuity for our finance function.”

As a result of the sale of the US business, PointsBet confirmed that the duties associated with the group chief people officer role will be incorporated into the PointsBet Australian and Canadian HR functions.

This will see Melissa Fitzpatrick, who has managed the company’s people functions across six countries since November 2021, leave the business at the end of February.

“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,” continued Swanell. “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.”

Shares in PointsBet Holdings Ltd (ASX:PBH) gained 6.18 per cent to close at AUD$0.94 per share in Sydney Friday.