VRL CEO to retire

VRL CEO to retire

VILLAGE Roadshow Themeparks CEO Clark Kirby is in the running to become CEO of Village Roadshow Limited, following today’s announcement that current CEO Graham Burke will retire at the end of 2019.

Burke has led the company since 1988, when he became Village Roadshow’s first CEO and will remain on the VRL Board as a Non-Executive Director once a new CEO has been appointed.

“A wide-ranging, global and domestic executive search” will be conducted to find his replacement, but Kirby will be an internal candidate for the role.

The news comes as Village Roadshow released its half-year results for 2019, which saw Net Profit After Tax (NPAT) reach 12.8 million for the period, up from nil in H1 2018.

The theme parks division brought in $6.2m in NPAT in H1 2019, an increase from the $600,000 loss in H1 2018.

Source: traveldaily