The Chairman of Aristocrat Leisure Limited (ALL), Mr John Pascoe, today announced that the company had appointed Mr Paul Oneile as Chief Executive Officer and Managing Director of the company.
Mr Oneile most recently held the position of Chairman and Chief Executive Officer of United International Pictures (UIP), based in London. Prior to this time from 1990 to 1996 he was the Managing Director of The Greater Union Organisation Pty Ltd based in Sydney.
"Paul Oneile has had a distinguished professional career in managing international organisations and on behalf of the board and management I welcome him to his new role," Mr Pascoe said.
"I also congratulate David Creary on the leadership that he has provided to the company in the past months as acting Chief Executive Officer. During this difficult period David has made a significant contribution and I am pleased to announce that he has accepted the position of Chief Operating Officer for Aristocrat."
Mr Pascoe said Aristocrat is now entering a new phase and has moved forward from the difficulties it experienced earlier this year. "The business fundamentals and cash flows remain strong reflecting the underlying health of the business," he said.
"I am confident the depth of Paul's experience in international management and in driving shareholder value will result in a significant contribution to Aristocrat," Mr Pascoe said.
Both appointments are subject to the normal regulatory approval. Mr Oneile will commence employment with the company on 1 December 2003.
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