Australia’s largest gaming operator Crown Resorts has announced the appointment of a new Chair, John Borghetti Ao, effective from July 1st.
The group indicated the change in a release on June 4th, noting that Chair William McBeath had decided to step back.
The executive will continue as an independent non-executive director of the company, with McBeath noting that: “As Chair, my priority was to lead the Board and support the executive leadership team to successfully deliver the extensive regulatory and cultural reform and remediation program for Crown Resorts and to achieve suitability”.
McBeath was appointed in July of 2022, following the group’s acquisition by US investment giant Blackstone.
McBeath furthered that: “Now is the appropriate time to appoint an Australian-based Chair who will continue Crown’s focus on transformation, regulatory compliance, and safe and sustainable future growth”.
Crown’s new Chair, Borghetti has some 47 years’ experience in aviation and is currently serving as a Director of Balmoral Pastoral Investments and previously having served as Director at Brisbane Airport Corporation, Alinta Energy, Coca-Cola Amatil and Energy Australia.
