By Triana O'Keefe, editor Australian Hotelier

Grant Blackley has this week announced he will be stepping down as CEO of Sydney pub group Keystone.

Mumbrella reports Blackley has accepted a $1.05 million salary for the Southern Cross Austereo role and will be charged with turning around the “flagging fortunes”.

In a statement released by Keystone yesterday, the group confirmed the departure and acknowledged Blackley’s contribution to the company.

“We would like to sincerely thank Grant for his leadership and guidance over the past 12 months. Grant has been instrumental in the acquisition of the restaurant business (Pacific Restaurant Group) and thereafter through the integration, merger and corporatisation of Keystone as a national business.”

Australian Hotelier
can report Richard Facioni, an existing director of Keystone, has accepted the new role of executive chairman to work directly with the existing leadership team to assist and further the transition of the company and its operations.

The Shout Team

The leading online news service for Australia's beer, wine, spirits and hospitality industries.

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