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SkyCity will host a conference call for analysts, institutional investors and fund managers at 12 pm Monday to discuss the leadership changes.
Three top executives at casino operator SkyCity have resigned, including the company’s chief executive, Graeme Stephens.
In a statement sent to the New Zealand Stock Exchange Monday morning, SkyCity said Stephens would “retire” as of November 30.
Chief Operating Officer Michael Ahearne will take over as CEO immediately.
Chief Financial Officer Rob Hamilton has resigned and will step down on February 26. He has been with the company since 2014.
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Chief Marketing Officer Liza McNally, who was appointed in January 2018, also resigned and will step down on March 31.
SkyCity will host a conference call for analysts, institutional investors and fund managers at 12 pm Monday to discuss the leadership changes.
The announcement surprised analysts Things I spoke on Monday morning, they were busy getting ready for the 12pm call
SkyCity President Rob Campbell, Ahearne and Hamilton would discuss Ahearne’s appointment.
Lawrence Smith / Stuff
Graeme Stephens took over as CEO of SkyCity in May 2017.
To ensure an “orderly transition,” Stephens would support Ahearne during her remaining two weeks with the company.
Since Stephens became CEO in May 2017, he had to navigate the company through Covid-19 and, before that, a major fire that caused significant damage to the near-completed New Zealand International Convention Center.
Ahearne joined SkyCity in December 2017 as Chief Operating Officer.
He oversaw operations at all five SkyCity properties in New Zealand and Australia and launched the SkyCity online casino in 2019.
He is a qualified accountant and has an MBA from the Sydney University of Technology.
