Gaming operator Melco Crown Entertainment announced today that following a discussion with Simon Dewhurst, he tendered his resignation from his position as Executive Vice President and Chief Financial Officer. “As Melco Crown Entertainment transitions from a development company to one focused primarily on maximizing its operational profitability, and as a logical next step in the management reorganization announced last month, the company’s intention is to identify a CFO who, in addition to having solid financial & operational experience, also possesses skills that are aligned with the current needs of the company,” Melco Crown said in a press release. Leanne Palmer, currently Vice President, Financial Compliance for Melco Crown Entertainment, has assumed the role of acting CFO in the interim period, while the company “conducts a global search for a suitable candidate with exceptional caliber to fill the CFO position.” Additionally, Geoffrey Davis, has been promoted to deputy CFO and treasurer on a permanent basis and will be based in Macau. Prior to joining Melco Crown Entertainment as Senior Vice President, Corporate Finance in 2007, he was the lead equity research analyst at Citi Investment Research covering the gaming industry.
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