Aristocrat CFO Steps Down Amidst Company’s Move to Vegas
Aristocrat Leisure, one of Australia’s largest online and land-based games providers, has made some significant changes to its executive team. After announcing its plans to relocate the Chief Financial Officer role from Sydney to Las Vegas next year, current CFO Toni Korsano has decided to step down from the position.
Taking on the role in 2007, Toni has spent plenty of time invested in the growth of Aristocrat Leisure. Instrumental in guiding the company through acquisition, she has made valuable contributions to the company and maintains a great reputation with the rest of the executive team.
Aristocrat opened its Las Vegas headquarters in June 2017. While it is an Aussie-based company, only 20% of Aristocrat Leisure’s business is located in Australia. As such, CEO Trevor Cook wants to head there the action is, as 65% of Aristocrat’s business is located in Vegas. The new HQ will be a 180,000-square-foot facility, and Aristocrat aims to recruit young, innovative members to help attract Millennial players.
The decision to move the CFO role to Las Vegas is a tactical move by the executives at Aristocrat. The company wants to ensure that the CFO and the CEO continue to maintain a successful partnership that will ensure the growth of Aristocrat Leisure in coming years.
Toni has decided not to move overseas for family reasons. She will leave her post as Chief Financial Officer by March 2018. In the meantime, Aristocrat will conduct a worldwide search to find a suitable replacement for her.
“Toni’s legacy at Aristocrat is broad and impressive,” says Croker. “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”.
Aristocrat continues to be a leading games provider in online, land-based and mobile market. Over the course of the last year, the company has seen significant success thanks to its expansion into Latin America markets, resulting in a significant increase in its share price. It is hoped that the company will maintain this growth in the coming year as the executive team undergoes significant changes.