Airlie backs Tabcorp's Gillon McLachlan hire amid anti-gambling anger
One of Tabcorp's largest institutional shareholders has backed the hire of the former AFL chief as its next CEO, but a prominent anti-gambling campaigner has criticised the hire for overseeing the 'cultural pornification' of sport.
One of ASX-listed wagering firm Tabcorp’s largest institutional shareholders Airlie Funds Management has backed the appointment of former AFL chief Gillon McLachlan as the company’s new CEO later this year.
One of the country's largest and oldest listed betting companies named McLachlan chief executive and managing director on Monday, following the departure of Adam Rytenskild from the company in March following allegations he made inappropriate comments.
Matt Williams, head of Australian equities at Airlie, said McLachlan’s experience working in a massive organisation outweighed any “negatives” of the appointment.
“It’s a good appointment, it’s a good get for Tabcorp. He’s got obviously great experience in a sporting media organisation. A large one, complex, with a lot of stakeholders,” Williams told Capital Brief.
