Crown Resorts has lost another director after Harold Mitchell announced his resignation on Monday.
Mitchell, who had previously resisted calls to step down despite the Bergin Report into Crown’s suitability to hold a NSW state casino license recommending he reconsider his position, becomes the fourth director to depart since the release of the Bergin Report two weeks ago, following the lead of Guy Jalland, Michael Johnston and Andrew Demetriou.
CEO Ken Barton and General Counsel and Company Secretary Mary Manos have also departed.
Mitchell’s resignation leaves just five board members remaining at Crown and the destruction might not be finished yet with questions lingering over John Poynton’s close relationship with major shareholder James Packer, while Deputy Chairman John Horvath has promised to retire in the wake of shareholder backlash at Crown’s most recent AGM in October.
Crown recently announced the appointment of former SkyCity Entertainment Group CEO Nigel Morrison as a new Non-Executive Director although he is still awaiting regulatory approval.
Chief Financial Officer Alan McGregor is currently serving as interim Company Secretary while Helen Coonan has assumed greater responsibility as interim Executive Chairman while the search for a new CEO is underway.
RelatedPosts
