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The Lottery Corporation Limited (ASX:TLC)

ALERT: Price-sensitive ASX Announcement for TLC
Current share price for TLC : $5.480 0.08 (1.48%)+
Announcement
Release
5 Mar 2026 9:00AM
Price at Release
$5.400
Full Release
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Summary
The Lottery Corporation Limited has announced a new operating model aimed at accelerating growth and enhancing strategic focus. This model will consist of three customer-facing business units: Lotteries, Digital, and Keno, each helmed by a Chief Operating Officer. Key appointments include Callum Mulvihill as COO for Lotteries, Loren Somerville for Digital, and Antony Moore for Keno. Furthermore, executive leadership team changes will see Adam Newman, Rob Ure, and Michelle Williams taking on expanded or new roles, while Andrew Shepherd and Nicholas Allton will be leaving the company. Additionally, Adam Newman will temporarily assume the role of Company Secretary from 31 March 2026 as the company seeks a permanent replacement. These changes are intended to streamline operations, improve decision-making, and focus on local market growth.
Key Points
  • The Lottery Corporation Limited is introducing a new operating model to support growth.
  • The new model will include three customer-facing business units: Lotteries, Digital, and Keno.
  • Each business unit will have a distinct mandate and accountability with a Chief Operating Officer.
  • Callum Mulvihill will be appointed Chief Operating Officer – Lotteries.
  • Loren Somerville will be appointed Chief Operating Officer – Digital.
  • Antony Moore will be appointed Chief Operating Officer – Keno.
  • Executive Leadership Team changes will involve Adam Newman, Rob Ure, and Michelle Williams.
  • Andrew Shepherd and Nicholas Allton will be leaving the company.
  • Adam Newman will temporarily serve as Company Secretary effective 31 March 2026.
  • The changes are designed to accelerate strategic focus and growth.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.