Tabcorp appoints ‘finance pro’ Anne Brennan as governance advisor

Anne Brennan – Tabcorp

Issuing a market filing, the governance of Australia ASX-listed gambling group Tabcorp Holdings has confirmed the inbound appointment of Anne Brennan as a corporate non-executive director.

Updating investors, Tabcorp governance awaits the necessary regulatory and ministerial approval to confirm Brennan’s appointment, with the executive expected to serve as Tabcorp governance advisor from February of next year.

An expert in corporate finance and developing effective fiscal strategies for large scale international enterprises, Brennan is the former Chief Financial Officer of Australia ASX building materials supplier CSR.

Further executive experience has seen Brennan serve as Finance Director of digital retail solutions provider Coates Group and as a Senior Partner for ‘big 4’ auditors KPMG and Ernest & Young.

“Anne is a highly regarded and experienced public company director with broad industry experience, including in gambling entertainment,” said Tabcorp chair Paula Dwyer.

“Anne’s strong commercial judgement, and extensive professional experience in audit, corporate finance and transaction services will be valuable to Tabcorp. We look forward to welcoming her to the Tabcorp board.”

Lacklustre 2019 trading saw Tabcorp investors criticise corporate governance and leadership with regards to the firm’s corporate performance following its AUS $11 billion merger with main market rival Tatts Group.

Responding to criticism, Tabcorp governance has underlined that an enlarged group will deliver investor value in year-2 of its post-merger integrations targeting AUS $130 to $145 million in cost savings by 2021.

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