James Packer resigns from Consolidated Press Holdings board
Billionaire businessman James Packer has resigned from the board of his own family company, Consolidated Press Holdings (CPH), as he continues a recovery from mental health issues.
A CPH spokesperson confirmed the move.
CPH holds Mr Packer’s 47 per cent stake in Crown and various other business interests.
Long-time Packer associate Guy Jalland is the chief executive of CPH, while another family lieutenant, John Alexander, is the executive chairman of Crown Resorts.
Mr Packer resigned from the Crown board earlier this year, with a CPH spokesman saying at the time that he was “suffering from mental health issues”.
“At this time he intends to step back from all commitments,” the spokesman said in March.
Mr Packer only rejoined the Crown board in January 2017, having previously resigned in December 2015 to focus on developments in Melbourne and Las Vegas.
-AAP