Brett Chenoweth’s position as Chairman of Tabcorp Holdings’ Board has received the unanimous backing of the firm’s shareholders. 

The Chair was appointed in 2024 following the public fallout of Tabcorp former senior leadership, which led to the resignation of his predecessor, Bruce Akhurst.

His first year as Chairman of ASX-listed, Australian gambling market-leader Tabcorp has seen the implementation of a new corporate transformation and trust strategy, overseen by new CEO Gillon McLachlan.

The duo have worked to restore investor confidence after a turbulent two years of losses in 2023 and 2024, with combined losses surpassing $1bn. 

New leadership has focused on redeveloping Tabcorp’s corporate strategy, tightening controls, and driving a stronger digital performance, underpinned by a mandate to restore trust in the heritage gambling group. 

Speaking after the 2025 Annual General Meeting (AGM), Chenoweth said the company was “on a mission to return Tabcorp to sustainable growth,” noting that 2025 trading results had shown clear signs of recovery.

“In the past year, we’ve rebuilt the foundations — from governance and accountability to our customer experience and digital roadmap,” Chenoweth told investors. 

“The momentum we’re seeing in 2025 shows that Tabcorp is back on track to reclaim its leadership in the Australian wagering market.”

At the AGM, shareholders voted overwhelmingly to re-elect Chenoweth and approved all resolutions, including the adoption of the Remuneration Report and long-term incentive package for CEO Gillon McLachlan.

However, the Australian Shareholders’ Association (ASA) raised concerns that the CEO’s potential compensation was excessive. The watchdog estimated that McLachlan could earn up to AUD $16–18m (€9m–€11m) in cash and vested options if Tabcorp’s pre-tax earnings rose by 10%. 

Despite this, the remuneration resolution passed comfortably, with the Board emphasising that the structure was directly tied to performance milestones and shareholder value creation.

Tabcorp also used the AGM to confirm the appointment of Vivian Stewart as a Non-Executive Director, pending regulatory approval.

A figurehead in Australian tech and telecoms, Stewart founded SAAS software and IT engineering firm the Bigtincan Group, and has served amongst multiple ASX boards undergoing transformations. 

Chenoweth said Stewart’s addition formed part of a broader plan to “deepen the Board’s expertise in technology and transformation” as Tabcorp accelerates its digital pivot.

“Vivian brings a rare blend of commercial experience and deep understanding of how technology can drive operational change,” Chenoweth said..

“As we continue to evolve Tabcorp into a more digitally agile and customer-centric business, his insight into scaling complex technology infrastructure and managing digital risk will be invaluable.”

Following a turbulent period of restructuring and cultural change, Tabcorp enters 2026 with renewed stability, disciplined leadership, and a clear mandate to compete, according to leadership – which has asserted a “relentless ambition to return Tabcorp to its former standing amongst Australia’s most valued businesses”.

“Our goal is to ensure the Board reflects the direction of the company — one that is increasingly data-driven, innovative, and responsive to the modern wagering customer. Vivian’s appointment strengthens that vision.”