Reading time: <1 minute
Ken Barton, CEO of Crown Resorts, has resigned from his position effective immediately following last week’s devastating Bergin report.
Barton’s resignation is the latest in a series of director departures after former AFL CEO Andrew Demetriou resigned as director and two Packer-related executives, Michael Johnston and Guy Jalland, resigned.
After the Bergin report was handed in last week, it was found that Crown was “quite unsuitable” for having a casino license in NSW.
In addition to his resignation, CWN has announced that Helen Coonan will temporarily assume the role of Executive Chairman while the Board oversees the search for a new CEO.
“I would like to thank Ken for his dedication and dedication to Crown,” said Coonan.
“Ken joined Crown more than a decade ago and has played an invaluable role in the company, first as CFO and last year as CEO. Ken has always put Crown’s interests first, ”Coonan added.
Barton will continue to support Coonan in the coming weeks to ensure a smooth handover.
“I would like to thank the Crown Directors for the opportunity to work with them on executing Crown’s strategy,” said Barton.
“Over the past 10 years, Crown has established itself as a great Australian company with great assets and I am absolutely certain that the company is now on the right track to restore confidence in its business.
“I am determined to support the transition to new leadership.”
Coonan said the board had agreed that her tentative appointment as chairman of the board will bring stability to the company as it grapples with the aftermath of the Bergin report.