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

 

Fonterra: Canpac Site 'Resize' To Focus More On Paediatrics

Fonterra is looking at realigning its packing operations at Canpac, in the Waikato, to focus more on paediatric nutritionals... The proposed changes could mean around 110 roles may not be required at the site which currently employs 330. More>>

ALSO:

Scoop Business: Postie Plus Brand Gets 2nd Chance With Well-Funded Pepkor

The Postie Plus brand is getting a new lease of life after South Africa’s Pepkor bought the failed retailer’s assets out of administration and said it will use its purchasing power to reduce costs of stock and fatten margins. More>>

ALSO:

Warming: Warming Signs From State Of Climate Report

Climate data from air, land, sea and ice in 2013 'reflect trends of a warming planet' -- says the latest State of the Climate report, launched by U.S. and New Zealand scientists. More>>

ALSO:

Scoop Business: Embrace Falling Home Affordability, Says NZIER

Despair over the inability to afford a house is misplaced and should be embraced as an opportunity to invest in more wealth-creating activity, says the principal economist at the New Zealand Institute of Economic Research, Shamubeel Eaqub. More>>

Productivity Commission: NZ Regulation Not Keeping Pace

New Zealand regulators often have to work with out-of-date legislation, quality checks are under strain, and regulatory workers need better training and development. More>>

ALSO:

Callaghan Innovation: Investment To Help Deepen Innovation Reporting

Callaghan Innovation, the government’s high tech HQ for Kiwi business, is to help deepen New Zealand media coverage of the commercialisation of innovation through an arms-length partnership with independent business news service BusinessDesk. More>>

ALSO:

Tax Credits, Grants: Greens $1Bn R&D Plan

In the Party’s headline economic announcement, the Greens have launched their plan to build a smarter, more innovative economy which has as its centrepiece an additional $1 billion of government investment in research and development (R&D) above current spend, including tax breaks for business. More>>

ALSO:

Inflation: CPI Increases 0.3 Percent In June Quarter

The consumers price index (CPI) rose 0.3 percent in the June 2014 quarter, Statistics New Zealand said today. This follows rises of 0.3 percent the March quarter and 0.1 percent in the December 2013 quarter. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news