Tatts group announces departure of two senior executives

Australian wagering giant Tatts Group has announced the departure of the group’s CFO, Neale O’Connel as well as the COO of wagering, Barrie Fletton.

According to a filing to the Australian Stock Exchange on Wednesday, Neale O’Connell had been the group’s chief financial officer for the past three years, and has decided to return to Melbourne in 2017 to ‘pursue an opportunity in a non-related industry’.

“It is disappointing to see Neale leave as he has been a key member of my executive team over the last three years, however I understand completely the attraction of returning to Melbourne with his family,” said Tatts managing director and CEO Robbie Cooke.

“We are fortunate, thanks in no small way to Neale’s efforts, to have a very strong and capable finance team in place coupled with five months to identify a successor to ensure a seamless transition,” he continued.

The group also announced the departure of chief operating officer of wagering, Barrie Fletton – who will retire at the end of November 2016. Fletton ends a 24-year career in the group.

According to the group’s filing, Fletton’s role will be taken up by Brendan Parnell, a ‘very experienced wagering executive most recently working for Tabcorp as its managing director international and prior to that as its chief operating officer, media and international,’ according to Tatts Group.