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: Alex Swney Pleads Guilty To $2.5M Fraud Charge

Alex Swney, former chief executive of the Auckland city centre business association Heart of the City, has pleaded guilty to dishonestly using documents to obtain $2.5 million. More>>

ALSO:

Petrol Burns Prices: Second Consecutive Quarterly Fall For CPI

The consumers price index (CPI) fell 0.3 percent in the March 2015 quarter, following a 0.2 percent fall in the December 2014 quarter, Statistics New Zealand said today. The last time the CPI showed two consecutive quarterly falls was in the December 1998 and March 1999 quarters. More>>

ALSO:

Scoop Business: NZ Broadcasters Launch Battle Against Global Mode ISPs

New Zealand broadcasters have confirmed they’ve launched legal proceedings against internet service providers who give customers’ access to “global mode”, which allows customers access to offshore online content, claiming it breaches the local content providers’ copyright. More>>

ALSO:

Sanford: Closure Of Christchurch Mussel Processing Plant Confirmed

The decision comes after a period of consultation with the 232 staff employed at the Riccarton site, who were told on 9 April that Sanford was considering the future of mussel processing in Christchurch. Recent weather patterns had impacted on natural spat (offspring) supply... More>>

ALSO:

Price Of Cheese: Dairy Product Prices Fall To The Lowest This Year

Dairy product prices fell in the latest GlobalDairyTrade auction, hitting the lowest level in the 2015 auctions so far, as prices for milk powder and butter slid amid concern about the outlook for commodities. More>>

ALSO:

Houston, We Have An Air Route: Air New Zealand To Fly Direct To The Heart Of Texas

Air New Zealand will fly its completely refitted Boeing 777-200 aircraft between Auckland and Houston up to five times a week opening up the state of Texas as well as popular nearby tourist states such as Louisiana and Florida. More>>

ALSO:

Scoop Business: Reserve Bank’s Spencer Calls On Govt To Rethink Housing Tax

The Reserve Bank has urged the government to take another look at a capital gains tax on investment in housing, allow increased high-density development and cut red tape for planning consents to address an over-heated Auckland property market. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news