Aristocrat CFO role to change hands in 2018

Aristocrat Leisure’s chief financial officer (CFO) is set to step down in March 2018, after deciding not to relocate to Las Vegas for the continuation of her role.

Aristocrat in a filing to the Australian Stock Exchange announced that the role of CFO is moving from Sydney to Las Vegas from March 2018.

“The move is occurring in the context of the relocation of the chief executive officer Trevor Croker to North America later this calendar year. The relocation of the CFO role will help to ensure continuation of the successful partnership between CEO and CFO, consistent with the interests of the business,” said the company.

Aristocrat said Toni Korsanos, the group’s CFO, has decided not to relocate to North America for “family reasons”. As a result, the company will be looking for a successor to take up the role in March 2018.

“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,” said Aristocrat CEO and managing director Trevor Croker.