Aristocrat non executive director quits the board

The Australia-based slot machine manufacturer has announced the resignation of director Steve Morro.

Australia.- Slot machine manufacturer, Aristocrat Leisure Ltd, has announced that Steve Morro, its long-serving non-executive director, has resigned from the board and will take retirement following the company’s annual general meeting on February 20.

He will remain linked to the group as a consultant to management.

“After more than a decade of service, Mr. Morro has confirmed his intention to retire as a director of Aristocrat,” company Chairman Neil Chatfield said in a notice to shareholders.

“Steve has made an outstanding contribution to both the board and the business, including through its turnaround years and subsequent growth. Steve has brought deep U.S. market and global gaming industry-expertise to the board’s deliberations, which we value greatly”, he added.

Mr Morro joined Aristocrat’s board in 2009. He also has been Chief Operating Officer of casino equipment brand International Gaming Technology (IGT) and President of IGT’s gaming division.

Among other board and management moves, it is expected that non-executive director Pat Ramsey will assume the role of “USA lead director”.

As part of what Mr Chatfield called “an orderly renewal process” of Aristocrat’s board, shareholders will be asked on February 20 to approve the appointment of Philippe Etienne to the company’s board as a non-executive director.