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

 

Scoop Business: PayPal Stops Processing Mega Payments; NZX Listing Still On

PayPal has ceased processing payments for Mega, the file storage and encryption firm looking to join the New Zealand stock market via a reverse listing of TRS Investments, amid claims it is not a legitimate cloud storage service. More>>

ALSO:

Housing Policy: Auckland Densification As Popular As Ebola, English Says

Finance Minister Bill English said calls by the Reserve Bank Governor for more densification in Auckland’s housing were “about as popular in parts of Auckland as Ebola” would be. More>>

ALSO:

Crown Accounts: NZ Government Deficit Smaller Than Expected In First Half

The New Zealand government's operating deficit was smaller than expected in the first six months of the financial year, as the consumption and corporate tax take rose ahead of forecast in December, having lagged estimates in previous months. More>>

ALSO:

Fruit & Veg Crackdown: Auckland Fruit Fly Find Under Investigation

The Ministry for Primary Industries (MPI) is investigating a find of a single male Queensland fruit fly in a surveillance trap in the Auckland suburb of Grey Lynn... MPI has placed legal controls on the movement of fruit and some vegetables outside of a defined circular area which extends 1.5km from where the fly was trapped in Grey Lynn. More>>

ALSO:

Scoop Business: Westpac NZ Reaches $2.97M Swaps Settlement

Westpac Banking Corp’s New Zealand unit has agreed to pay $2.97 million in a settlement with the Commerce Commission over the way the bank sold interest rate swaps to farmers between 2005 and 2012. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

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