PointsBet CFO to leave the operator following sale of US arm to Fanatics
Andrew Mellor to depart in February 2024, with Alister Lui set to assume the role as company removes group chief people officer position
PointsBet CFO Andrew Mellor has announced that he will be stepping down from the role following the operator’s half-year results in February 2024.
Following Mellor’s departure, PointsBet head of group finance Alister Lui will become CFO, effective from 1 March.
The operator has begun a transition period, which will see Mellor continue in his role until 29 February to support Lui in the lead-up to the firm’s half-year financial results and the closure of the sale of the US business to Fanatics Betting and Gaming.
Mellor joined the operator in January 2019 as chief strategy officer and became CFO in July 2019.
Before his time in igaming, Mellor spent two decades at the banking firm Credit Suisse, across a number of roles which culminated in his role as director of high yield bonds and convertible bond training.
On Mellor’s departure, PointsBet chair Brett Paton, said: “Andrew has made a transformational contribution to PointsBet over his tenure. He has built a world-class finance function that has grown from a small number of employees based in Australia to a high-performing team operating across multiple regions.
“He has been an integral part of the global executive leadership team, driving our strong growth and expansion into new regions while ensuring we had the right capital structure to execute the global strategy.
“On behalf of the board and the broader PointsBet team, I would like to thank Andrew for all he has done for the business and wish him all the best in his future endeavours,” he added.
Mellor’s replacement Lui has been with PointsBet for just over six years, joining the firm in November 2017 as head of finance for Australia.
In September 2022, Lui stepped up to become Australia CFO and head of group finance.
Before his time at PointsBet, he held a number of roles within the industry with the likes of Barclays, RBS and HSBC.
On Lui’s promotion, PointsBet CEO Sam Swanell, said: “Alister has been a critical member of the finance team and I congratulate him on the move to the group CFO role. His expertise and knowledge of the business will continue to be a great asset to the company and provide continuity for our finance function.”
Elsewhere, PointsBet confirmed that following the sale of its US arm to Fanatics, group chief people officer Melissa Fitzpatrick would be leaving the business.
Fitzpatrick’s role will be incorporated into PointsBet’s Australian and Canadian HR arm. Fitzpatrick will leave the business at the end of February.
Arnold Ash is EGR’s Executive Recruitment Partner. They support ambitious organisations to identify and attract industry leading executive talent. Find out more here.
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