Entain Australia’s Chief Financial Officer, Lachlan Fitt, has resigned from the company according to reports from the Guardian.
Cameron Rodger, Managing Director of Entain NZ, has also been confirmed to be departing, as the firm embarks on a period of transformation.
Fitt has been in the role since 2018 and has spearheaded 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.”
Although there is no suggestion the departures are related to the case, it comes following allegations of social responsibility shortcomings levied at Entain from Australia’s financial intelligence agency (Austrac).
It is alleged that the firm accepted AUD$152m in bets from 17 customers in the ‘high-risk’ category who had “suspected criminal profiles/associations”.
It continues a period of change for Entain after group CEO Gavin Isaacs stepped down from the role “by mutual agreement” with immediate effect. Isaacs spent just five months in the role, having assumed the leadership position in September last year.
He was announced as the company’s CEO last July, concluding a seven-month search for the firm following the departure of Jette Nygaard-Andersen in December 2023.The operator has noted that the current Non-Executive Chair, Stella David, will again become interim CEO until a permanent replacement for Isaacs is found. David was previously interim CEO of Entain between December 2023 and September 2024.
