Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


SkyCity CFO Burrell, touted as potential chief, resigns

SkyCity CFO Burrell, touted as potential chief, resigns after three years to return to UK

May 6 (BusinessDesk) - SkyCity Entertainment Group chief financial officer James Burrell, who had been seen as a potential leader of the casino and hotel operator, has resigned for family reasons and will return to the UK.

Burrell, who chief executive Nigel Morrison named as a potential successor in an interview with the New Zealand Herald last month, will step down from the company at the end of June to shift his family back to the UK, SkyCity said in a statement. During his three-year tenure with the company, SkyCity negotiated the Auckland convention centre deal with the government, sold its stake in the Christchurch casino, bought a second licence in Queenstown, and renegotiated its licence in Adelaide.

“James has contributed to these achievements, all of which strengthen our role as a provider of safe and fun entertainment and making the cities we operate in more vibrant,” Morrison said. “He and his wife Sue have a young family and they want to be closer to their extended families.”

Last month, Morrison told the Herald he intended to stay in the top job until 2017 or 2018, and Burrell aired his aspiration to take over as chief executive.

SkyCity has hired Heidrick & Struggles to find a replacement for Burrell.

The shares fell 1.2 percent to $4.05 yesterday, and have gained 8.6 percent this year.

(BusinessDesk)

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Trade Plans: Prime Minister's Speech To International Business Forum

"The work to improve public services, build infrastructure, and solve social problems is possible only because we have enjoyed sustained, solid economic growth. A big reason for that is the Government’s consistent agenda of economic reform, and our determination to open up more opportunities for trade with the world." More>>

ALSO:

Media: TVNZ Flags Job Cuts To Arrest Profit Decline

Chief executive Kevin Kenrick said the changes were aimed at creating "a sustainable future video content business for TVNZ in an ever-changing media market." More>>

ALSO:

Reserve Bank: Wheeler Keeps OCR At 1.75%

Reserve Bank governor Graeme Wheeler kept the official cash rate unchanged at 1.75 percent, as expected, and reiterated his view that the benchmark rate doesn't need shifting for the foreseeable future. More>>

ALSO:

Retail: Pumpkin Patch Brand, IP Sold To Catch Group

The receivers of failed children's clothing retailer Pumpkin Patch have confirmed that the company's brand and intellectual property have been sold to Australian online retailer Catch Group. More>>

ALSO:

Oil: 2017 Block Offer Petroleum Tender Launched

New Zealand is well-placed to take advantage of the economic benefits of oil and gas exploration, Energy and Resources Minister Judith Collins announced today at the launch of the 2017 Block Offer petroleum tender. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news