Supplier News
Australia – Odell to step down as Aristocrat CEO
By Phil - 23 November 2016
Jamie Odell has announced he will resign from his position as CEO of Aristocrat next February with long-term Aristocrat Executive Trevor Croker to replace him.
Aristocrat Chairman Dr Ian Blackburne highlighted that during Mr Odell’s leadership, Aristocrat’s market capitalisation increased from around $1.7bn to a recent all-time high of around $10.6bn.
Dr. Blackburne said: “The board respects Jamie’s decision to depart at the end of February 2017 after a remarkably successful eight-year tenure that has transformed the business. Jamie Odell will remain fully focused on leading the business over the coming months, and ensuring a seamless transition through to his departure from the business at the end of February 2017.”
Mr. Odell added. “We have established sustained momentum in our core business, and made significant progress in driving recurring revenues, exiting distracting businesses, executing accretive merger and acquisitions and overhauling our organisational culture and structures. Trevor Croker is an outstanding leader who is widely respected both within Aristocrat and among our stakeholders, and will bring fresh perspectives to the role to drive the business forward.”
Aristocrat added that Mr Croker would not be based in Australia.
“In recognition of the fact that North America generates Aristocrat’s largest revenues and offers the business its most significant strategic opportunities, Trevor will relocate to the US in the New Year to take up the CEO role,” Aristocrat stated.
