McKenzie exits as TAB NZ executive chair to become chief transition officer

McKenzie has led the organisation since it transitioned from the Racing Industry Transition Agency (RITA) in August last year, but will now move into a full time management role.

As chief transition officer, McKenzie will lead day-to-day responsibilities at TAB NZ and help ensure a smooth transition to a permanent board once they are appointed.

Minister for Racing Grant Robertson approved the two appointments earlier today (14 April).

Dawson said McKenzie taking on the new role would help ensure surety and consistency through this period for the business, as TAB NZ transitions to its new focus, following the passing of the Racing Industry Act last year.

“By the end of this year the TAB will need to have supported the finalisation of racing reforms, developed a five-year strategy and a statement of intent, and ensured a smooth transition to a new, permanent board once they are appointed,” Dawson said.

“For various reasons the appointment of a new board has taken a bit longer than anticipated, so provide surety to the business, its staff and racing and sport stakeholders, we’ve acted now to appoint Dean until a permanent CEO is appointed by a new board.”

McKenzie added: “I’m looking forward to focusing on managing the business through this period of change and delivering on our immediate objectives while ensuring a smooth transition to a new board and chief executive when it happens, said McKenzie.

“From a day to day perspective, I don’t anticipate much change to our activities but I am looking forward to having a more hands-on role and working with the current leadership team to deliver great betting products for our customers and maximise profit for racing and revenue for sport.”

Earlier this month, Tab NZ reported NZ$26.5m (£13.6m/€15.7m/US$18.8m) in comprehensive profit for the first half of its financial year, thanks to growth in staking and revenue.