Crown Resorts has named John Borghetti as chair of its integrated resort and entertainment group, effective 1 July 2024.
Borghetti will replace outgoing chair William McBeath, who has decided to step down after two years in the role.
McBeath will remain with the business as an independent non-executive director after he steps down as chair.
Borghetti is currently serving as chair of Crown Sydney and will continue this role once he takes up the position of chair of Crown Resorts.
McBeath said of his planned departure: “As Chair, my priority was to lead the Board and support the executive leadership team to successfully deliver the extensive regulatory and cultural reform and remediation program for Crown Resorts and to achieve suitability.
“I am proud that both Crown Melbourne and Crown Sydney have retained their licences to operate during this time, and that the remediation work in Crown Perth is well progressed.
“Now is the appropriate time to appoint an Australian-based Chair who will continue Crown’s focus on transformation, regulatory compliance, and safe and sustainable future growth,” he added.
“I am delighted that John Borghetti will continue this critical work as Chair and lead the Crown Resorts board in its strategic development of Crown’s businesses in Victoria, New South Wales, and Western Australia, working constructively with government and regulators.
“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,” McBeath concluded.
“I’d like to thank William for his stewardship of the Crown Resorts Board over the past two years during a period of unprecedented transformation and change,” Borghetti said.
“I look forward to continuing the transformation of Crown Resorts, ensuring the company exceeds the expectations of all its stakeholders, including government, regulators, guests and team members. The Board’s priority remains on compliant, safe, and profitable operations while ensuring we position the business for future growth.”