Aristocrat CFO to depart, CFO & CEO roles move offshore

Company News

by Jessica Amir

Aristocrat Leisure (ASX:ALL) has announced the group’s Chief Financial Officer will stand down from her post after the company decided to relocate the CFO position from Sydney to Aristocrat’s Las Vegas operations from March 2018.

The manufacturer of gaming solutions says its CFO and Company Secretary, Toni Korsanos decided not to relocate to North America for family reasons, and a result the company will search for her replacement.

Meantime, CEO Trevor Croker will relocate to North America later this calendar year.

Aristocrat says the relocation of both the CEO and CFO roles to North America will help ensure their partnership is consistent with the interests of the business.

Shares in Aristocrat Leisure (ASX:ALL) are trading 1.38 per cent lower to $21.45.

 

Jessica Amir

Finance News Network
Jessica joined FNN in January 2017 after having worked in financial advising for seven years and in TV journalism for seven years, specialising in finance, equities and analysis. She has interviewed former Prime Ministers of Australia, Tony Abbott, Julia Gillard and Kevin Rudd and ex Treasurer Jo Hockey. Jessica has worked as a journalist with Sky News Business, ABC 1, ABC's The Business, ABC24 and has also been a regional Channel 7 and 9 TV reporter with Prime7 and Win News.