Crown Resorts’ CEO Ciarán Carruthers is reportedly going to be stepping down from the role at Australia’s biggest casino operator after nearly two years in the role.
According to reports by Australia Financial Review and other outlets, Carruthers will be replaced by Crown’s president and chief operating officer, David Tsai, on September 1 until the company finds a permanent replacement.
The CEO departs after handling a challenging period of restructuring for Crown, with the group’s chairman John Borghetti quoted as saying “Under Ciaran’s leadership, Crown has achieved critical milestones including a whole-of-business transformation and remediation programme.”
Carruthers was one of several top casino executives to be brought on by investment giant Blackstone after it acquired Crown for AU$8.9bn (US$6.1bn) in 2022.
Speaking to Asia Gaming Brief earlier this year, Carruthers indicated that he “was always extremely confident” regarding the group being found suitable to maintain its casino licenses in both Sydney and Melbourne.
Source: Asia Gaming Brief
