Silver Heritage Chairman James Spenceley recently aided the development of a telecommunications start-up as he turned it into a billion dollar business. The Aussie businessman then went on to become the chairman of the Silver Heritage Group last May. A year and a half later, he has decided to leave the Casino operator.
Silver Heritage announced a change in filing with the Australian Securities Exchange (ASX) from today and added that Spenceley will give up his role as a non-executive director and that Michael Bassett also stepped down. The two resignations are effective immediately. The company added
“Mr Spenceley and Mr Bassett are stepping down as directors in order to focus on other business interests and the company thanks them for their commitment and efforts during their directorships.”
It went on to state:
“The Company is currently in the process of appointing a non-executive director to comply with its obligations [and] will keep the market informed in this regard.”
The operator has had difficulties in terms of finding a platform recently especially with operations in Nepal. It was looking for a source to purchase its properties after a number of mistakes.