Tabcorp CEO exited over alleged 'inappropriate' comments about female official

Credit: REUTERS/David Gray

Updates with further details and background

March 15 (Reuters) - Australian bookmaker Tabcorp Holdings' TAH.AX CEO stepped down after a company probe over allegations that he used "inappropriate" comments about a female regulatory official, Victoria's gambling and casino regulator said on Friday.

The racing and wagering firm on Thursday said its chief executive Adam Rytenskild resigned after the board became aware of the top boss using "offensive" and "inappropriate" language at the workplace.

The gambling and casino regulator of the Australian state of Victoria confirmed it had acknowledged the resignation.

"The Commission acknowledges the resignation of Tabcorp's CEO following allegations of inappropriate comments made about a female regulatory official," Victorian Gambling and Casino Control Commission Chair Fran Thorn said.

The outgoing CEO, however, said that he did not recall making the alleged comment, according to a statement from the company.

"It's not language I would usually use, but I have regrettably agreed to resign," Rytenskild said.

(Reporting by Rishav Chatterjee in Bengaluru; Editing by Rashmi Aich)


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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