Blanchett, Upton Quit STC Roles

ACTOR Cate Blanchett and playwright husband Andrew Upton are to relinquish their roles as co-artistic directors and chief executives of Sydney Theatre Company.

The high-profile couple credited with turning around the company’s finances during their tenure will step down at the end of 2013.

STC chairman David Gonski said in a statement yesterday, ”As they announced at the launch of the 2012 season, it was always their intention to only stay for two terms.

”We asked Cate and Andrew to stay on but we respect their decisions to leave in two years’ time to pursue other professional interests.

”As co-artistic directors and CEOs, with inspirational leadership, Andrew and Cate turned around the STC’s finances and made it a sustainable business while taking it to new artistic heights.

”They are a couple not only of extraordinary talents and profile but they have a strong business sense and a strong financial rigour.”