Australia's Crown Resorts shook up its top ranks on Friday, naming a new ch...
FILE PHOTO: A logo on Crown Towers as part of City of Dreams, owned by Melco Crown Entertainment, in Macau, China November 18, 2015. REUTERS/Bobby Yip
John Alexander stepped down as executive chairman without any termination payment, Crown said in a statement. Executive director Helen Coonan was named as non-executive chair and Chief Financial Officer Ken Barton was elevated to the chief executive role, it said.Alexander, however, will remain an executive director to assist with the transition of the chair and chief executive roles.
“This new structure is in line with feedback we have received from a number of proxy advisers and shareholders and better aligns with contemporary governance practices,” Coonan said in the statement.
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