In order to provide an orderly transition to the new chairman, Gregg will step down from TLC within the next six months and by no later than the end of the first quarter of 2024. "TLC is a wonderful company and it's been a privilege to be part of its development and its recent listing as a top 50 company on the ASX," said Gregg. "Whilst it is with regret that I will, in due course, be stepping down from my roles at TLC, I have every confidence that the company is in a strong position and well placed to continue its journey under the capable leadership of Sue van der Merwe and her executive team, and supported by an experienced and well credentialed board." TLC has begun the process to appoint a new chairman. Shares in The Lottery Corporation Ltd (ASX:TLC) closed 1.11 per cent lower at AUD$4.44 per share in Sydney Wednesday.