Crown Resorts Appoints John Borghetti as Chair

The Board of Crown Resorts Limited (Crown) has announced that Mr John Borghetti AO will become Chair of the integrated resort and entertainment group, effective 1 July 2024. Mr Borghetti’s appointment follows Mr William McBeath’s decision to step back as Chair, however Mr McBeath will continue as an independent non-executive director of Crown Resorts Limited.

Mr McBeath was appointed Chair in July 2022 following the acquisition of the business by Blackstone, bringing his extensive global gaming, tourism, and hospitality experience to Crown Resorts as it commenced one of the most significant transformations in Australian corporate history.

Mr McBeath said: “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. 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.”

Mr John Borghetti AO said: “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.

“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.”