Business
Crown chair Helen Coonan facing investor pressure as CEO Barton resigns – Sydney Morning Herald
Crown Resorts’ incoming executive chairman Helen Coonan is set to face investor pressure to join the exodus from the casino giant.
But Ms Coonans nine-year stint as a Crown director – during a period of corporate governance dysfunction and in which the companys casinos were infiltrated by criminals and money launderers – means some investors will also see her eventual departure as necessary.
Jason Beddow, managing director of the $6 billion fund manager Argo Investments which is Crowns eleventh largest shareholder, said Ms Coonan will probably also need to leave once she has installed a new CEO and new directors.
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