Entain Australia CFO Lachlan Fitt has resigned from the company, according to reports in The Guardian. Entain NZ managing director Cameron Rodger has also confirmed his resignation.
Fitt has held the role since 2018 and led mergers and acquisitions for the group.
Fitt told the Guardian: “I am grateful to Entain for backing me, and particularly for the recent opportunity to work on starting the revitalisation of the New Zealand racing industry.
“I am proud of the transformation of Entain’s wagering and media business in New Zealand, there is still more to do, but it is in great shape.
“I hope to shortly be announcing what I will be doing next – there are a number of opportunities that combine my passion for racing and bloodstock, and the global opportunity both present.”
There is no suggestion that the resignations are related to allegations of social responsibility deficiencies levelled against Entain by Australia’s financial intelligence agency (Austrac), which allege the firm accepted A$152 million in bets from 17 “high-risk” clients who had “suspected criminal profiles/connections”.
The resignations are part of a change at Entain after group CEO Gavin Isaacs stepped down “by mutual consent” with immediate effect five months after his appointment.
Isaacs was announced as the company’s CEO in July last year, ending a seven-month search for the firm following the departure of Jette Nygaard-Andersen in December 2023. The operator said current non-executive chair Stella David would again serve as interim CEO until a permanent replacement for Isaacs is found. David served as interim CEO of Entain from December 2023 to September 2024.
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