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Crown Resorts announced today that John Borghetti AO will take over as Chair of the integrated resort and entertainment group starting 1 July 2024. This leadership transition follows William McBeath’s decision to step down as Chair, while remaining an independent non-executive director.
McBeath, who assumed the role in July 2022 after Blackstone’s acquisition of Crown, played a role in overseeing the company’s transformation and regulatory compliance efforts. During his tenure, both Crown Melbourne and Crown Sydney retained their operating licences and remediation progress was made in Crown Perth.
McBeath stated: “Mr Borghetti is a very highly regarded director and executive whose extensive operational, leadership and governance experience will ensure Crown continues to focus on safe and responsible operations whilst growing and enhancing its entertainment experiences for guests of Crown.”
Borghetti, an executive with over 47 years of experience in the aviation industry, has served on the boards of several organisations. He was awarded a Member of the Order of Australia in 2017 for his contributions to the aviation industry and tourism, among other areas.
Borghetti added: “The Board’s priority remains on compliant, safe and profitable operations while ensuring we position the business for future growth.”
This leadership change comes after Crown Sydney retained its casino licence following a substantial AU$200m ($133m) investment in operational reforms.
In December 2023, Crown Resorts faced scrutiny, with Victoria’s casino regulator investigating allegations against CEO Ciaran Carruthers. The operator also cut 1,000 jobs in late April.
