The Lottery Corporation has confirmed the appointment of Megan Quinn as a new non-executive Director of the Australian company.
Quinn, currently a non-executive Director of Reece, Invocare and City Chic Collective, will immediately act as an observer on the board until receipt of all necessary regulatory and ministerial approvals allow her to assume the formalised position.
Steven Gregg, Chairman of The Lottery Corporation, commented: “We welcome Megan to The Lottery Corporation board.
“She is an experienced director with skills developed in a range of industries.
“We look forward to her contribution and consider that she will complement the existing skills and experience on The Lottery Corporation Board.”
Quinn is also regarded as a ‘recognised global brand expert’ for her role as a co-founder of online luxury retailer Net-A-Porter.
The appointment follows recent significant developments at The Lottery Corporation as the company’s demerger with Tabcorp became effective last month.
The Lottery Corporation was instantly valued at A$10bn when it launched on the ASX, and at the official market closure on May 30, the demerged lottery firm’s share price was A$4.78 per share.
Meanwhile, Tabcorp’s share price plummeted to around A$1 per share, down 80.4% from pre-demerger, while the share price at market closure on May 31 was A$0.93.