Vol. 8 • No. 33 • August 23, 2010 - Print This Issue
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Vol. 8 • No. 33 • August 23, 2010, PEOPLE
Melco Crown CFO Steps Down
The management shuffle continues at Macau casino operator Melco Crown Entertainment. The CFO position is being filled temporarily by the current vice president financial compliance, while the company scours the globe for a “suitable candidate.”
Macau casino operator Melco Crown Entertainment has announced the resignation of Executive Vice President and CFO Simon Dewhurst.
The press release gave no reason for the departure of Dewhurst, who joined the company as chief financial officer in November 2006. Before coming to Melco Crown, he served as head of media and entertainment investment banking at CLSA Asia Pacific Markets for five and a half years. Other previous positions included stints at News Corporation and Arthur Andersen.
Melco Crown Entertainment said it is seeking a CFO with the skills to assist in its transition from development company to profitable operator. Current Vice President Financial Compliance, Leanne Palmer, has taken on the role of acting CFO while the company searches for a suitable candidate.
Meanwhile, Geoffrey Davis, CFA, has been promoted to deputy CFO and treasurer on a permanent basis. Davis, whose past experience includes lead equity research analyst at Citi Investment Research and vice president corporate finance for Park Place Entertainment in Las Vegas, joined Melco Crown as senior vice president corporate finance in 2007. He will be based in Macau.
In July, Melco named Ted Chan and Nick Naples co-chief operating officers. Chan oversees gaming, while Naples oversees operations.
