Tabcorp has parted ways with long-time CEO Adam Rytenskild after an investigation was launched into the use of inappropriate and offensive language in the workplace.
Tabcorp confirmed that the search had already begun for a replacement for Rytenskild, who had been with the company since 2010. Tabcorp chairman Bruce Akhurst will fill the role of executive chairman in the meantime.
“Tabcorp expects its leaders to uphold company values at all times and will not hesitate to take action to uphold expected standards of conduct,” a statement issued by Tabcorp read.
“The board regrets that Mr Rytenskild’s employment has ended in this way and acknowledges his commitment to Tabcorp’s growth over more than two decades, including the last two years as MD & CEO and his contribution to the transformation of the company,” Akhurst said in the statement.
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