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Lottery Corporation Limited ( (AU:TLC) ) has issued an update.
The Lottery Corporation Limited announced that its Managing Director and CEO, Ms. Sue van der Merwe, will retire by the end of 2025. Her departure marks the end of a nearly 35-year career in the lottery industry, including three years leading TLC. The Board will initiate a global search for her successor, ensuring a smooth transition. Ms. van der Merwe leaves behind a company with strong fundamentals and a bright future, having significantly contributed to its success and culture. TLC’s Chairman, Dr. Doug McTaggart, praised her leadership and the legacy she leaves as the company continues to thrive as a standalone ASX-listed entity.
More about Lottery Corporation Limited
The Lottery Corporation Limited (TLC) is a leading operator in the lottery and Keno games industry in Australia. It has established itself as one of the best performing lottery businesses globally, with a strong market presence and a focus on delivering exceptional results.
YTD Price Performance: -1.03%
Average Trading Volume: 3,839,430
Technical Sentiment Signal: Hold
Current Market Cap: A$10.71B
For an in-depth examination of TLC stock, go to TipRanks’ Stock Analysis page.