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NEWS 11 July 2017

Aristocrat CFO steps down

By Josh Fisher
Aristocrat Leisure Limited has announced that the Group’s Chief Financial Officer (CFO), Toni Korsanos, will step down from her role after deciding not to relocate from Sydney to Las Vegas.

In a Tuesday press release, the Australia-based company said the move was occurring in the context of the relocation of the Aristocrat’s CEO Trevor Croker to North America later this year.

The company said the relocation of the CFO role would also help to ensure the continuation of the partnership between CEO and CFO, consistent with the interests of the business.

Korsanos however, has decided not to relocate to Las Vegas, citing family reasons at this current time. As a result, Aristocrat has commenced a global search for Korsanos’ successor.

In a statement, Croker commented: “I deeply regret but fully respect Toni’s decision not to relocate, and to instead embrace new challenges, progressing her executive career and pursuing her interest in non-executive directorships among other opportunities.

“I look forward to continuing to work closely with Toni in the months ahead, as we prepare for this important transition and maintain full momentum in executing Aristocrat’s ambitious growth strategy,” Croker concluded.

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