KEY POINTS:
SkyCity has appointed three new members, completing an overhaul of management since the departure of former chief executive Evan Davies.
New chief executive Nigel Morrison joins the board as managing director while long-standing directors Patsy Reddy and Bill Trotter will step down at the end of next month to be replaced by Brent Harman and Chris Moller.
Harman hails from a media background and is chairman of HT Media, the owners of MediaWorks NZ, while Moller was previously chief executive of the New Zealand Rugby Union and is on the board of the NZX.
Harman and Moller are the second round of new appointments to the board since Davies left the company in July last year.
In November, Jane Freeman and Peter Cullinane were also added to the board in bid to boost the firm's marketing experience.
Once the new eight-member team is in place, only three will remain from the board that was widely criticised as failing to provide a check on Davies.
They include Elmar Toime, who was acting chief executive when Davies left, Sir Dryden Spring and chairman Rod McGeoch.
McGeoch said SkyCity had spent the past 12 months in a programme of renewal appointing a new chief executive and management team.
"To complement this we looked to build a tight, well-balanced board, with appropriate experience in corporate governance, finance and business and with high-level competencies in strategic marketing and an in-depth understanding of the wider entertainment industry."
He said Harman and Moller would bring skills and experience gained from running and governing high-profile organisations with strong consumer relationships. Their understanding of the entertainment industry was of particular value.
"We believe that the appointment of Brent and Chris, together with the elevation of Nigel Morrison to the board, will give us the fit and balance of competencies that is required."
Forsyth Barr analyst Jeremy Simpson said the decision by Reddy and Trotter to step down had come as no surprise as they had been signalling it for some time.
The new appointments are subject to the approval of shareholders and the regulatory authorities.
SkyCity shares closed up 3c on $3.73.
