{"id":777048340,"date":"2026-10-08T06:59:31","date_gmt":"2026-10-08T09:59:31","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777048340"},"modified":"2026-10-08T08:39:09","modified_gmt":"2026-10-08T11:39:09","slug":"lottery-corporation-adam-newman-cfo","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/lottery-corporation-adam-newman-cfo","title":{"rendered":"The Lottery Corporation CFO Adam Newman to step down"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Newman has served as TLC\u2019s CFO since 2022, following the company&#8217;s demerger from Tabcorp<\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Key takeaways:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The Lottery Corporation CFO Adam Newman will step down on July 1, 2027.<\/li>\n\n\n\n<li>Newman has served as TLC\u2019s CFO since 2022, following its demerger from Tabcorp.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Australia.- <a href=\"https:\/\/focusgn.com\/asia-pacific\/the-lottery-corporation-reports-a-22-drop-in-fy26-profit\" target=\"_blank\" rel=\"noopener\">The Lottery Corporation<\/a> has announced that its chief financial officer, <strong>Adam Newman<\/strong>, has notified the board of his intention to step down from his position on July 1, 2027. Newman will continue to serve as CFO until that date to provide organisational continuity while the Board undertakes an executive search process.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Having led TLC\u2019s financial operations since 2022, Newman was involved in navigating the group\u2019s demerger from Tabcorp Holdings and establishing TLC as an independent, ASX-listed lottery and Keno operator. More recently, he spearheaded the company&#8217;s inaugural debt issuance in Australia, which secured financing to extend the Victorian Public Lottery Licence.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to the announcement, Newman plans to pursue a portfolio career, focusing on board and non-executive director roles across various sectors.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Managing Director and CEO <strong>Wayne Pickup<\/strong> stated: &#8220;Adam has made a significant contribution to TLC since the demerger from Tabcorp, helping to establish the Company as a standalone ASX-listed business and building the financial foundations to support our long-term success through a period of significant change.&#8221;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8220;On behalf of the Board and the executive team, I thank Adam for his leadership and contribution to TLC and wish him every success in the next chapter of his career.&#8221;<\/p>\n\n\n<div id=\"see-also-container\">\n\t\t\t<span class=\"see-also-label\">See also:<\/span><\/p>\n<div class=\"related-article\">\n\t\t\t\t<img decoding=\"async\" class=\"related-article__thumbnail\" src=\"https:\/\/focusgn.com\/asia-pacific\/wp-content\/uploads\/sites\/5\/2025\/06\/shutterstock_2411283987-1-300x200.jpg\" alt=\"\"><\/p>\n<p class=\"related-article__text\">\n\t\t\t\t\t<span class=\"see-also-label-strong\">See also:<\/span> <a href=\"https:\/\/focusgn.com\/asia-pacific\/tabcorp-one-pool-australian-tote\">Tabcorp launches One Pool in bid to revive tote betting in Australia<\/a>\n\t\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"<p>Newman has served as TLC\u2019s CFO since 2022, following the company&#8217;s demerger from Tabcorp<\/p>\n","protected":false},"author":226,"featured_media":777048341,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The Lottery Corporation (TLC) has announced that its Chief Financial Officer, Adam Newman, will step down on July 1, 2027. Newman, who has served as CFO since TLC's demerger from Tabcorp in 2022, was instrumental in establishing the company as an independent ASX-listed entity and securing financing for its Victorian Public Lottery Licence extension. He will remain in his role until the specified date to ensure organizational continuity during the executive search process.","focusai_entities":"Adam Newman, The Lottery Corporation, Tabcorp Holdings, Wayne Pickup","focusai_location":"Australia, Victoria","focusai_target_profile":"ceo_executive (0.95), regulator (0.7), investor_analyst (1.0), journalist_researcher (0.9)","focusai_suggestions":[{"label":"CFO Succession Plan?","query":"What specific criteria will The Lottery Corporation's Board prioritize in selecting a successor to Adam Newman, particularly regarding experience in capital markets, regulatory financing, and post-demerger financial integration?"},{"label":"Future Debt Strategy Impact?","query":"How might Adam Newman's planned departure impact The Lottery Corporation's long-term debt management strategy and its capacity to secure future financing for additional licence renewals or strategic growth initiatives?"}],"footnotes":""},"categories":[16336,157],"tags":[289,24826,25304],"class_list":["post-777048340","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-business-news","tag-australia","tag-business","tag-the-lottery-corporation"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777048340","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/226"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777048340"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777048340\/revisions"}],"predecessor-version":[{"id":777048361,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777048340\/revisions\/777048361"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777048341"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777048340"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777048340"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777048340"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}