The Star Entertainment Group has confirmed David Foster has stepped down from his role as Chair, with Anne Ward set to succeed him.
Foster was previously appointed as Chairman in December 2022, when he succeeded Benjamin Heap.
He joined the Board of The Star in August 2022 and will remain there on an interim basis, where he will continue carrying out his executive responsibilities.
Ward is appointed as Chairman with immediate effect.
She had also joined The Star Board in August 2022 as Director.
These management changes come at a particularly tumultuous time, considering that both The Star CEO Robbie Cookie and CFO Christina Katsibouba, resigned in March.
Since then, The Star has been searching for a new CEO to lead the company on a permanent basis.
There was an additional resignation only a few weeks after them, when the CEO of The Star Gold Coast Jessica Mellor also resigned, which will go into effect 24 May.
Although she was the youngest and first female CEO of The Star Gold Coast, she only ran the tenure for six months.
It’s not just management changes that are affecting the company at the moment either.
The Star Entertainment Group’s share price has fallen 65% over the past year alone, while the company’s record high was AU$5.22 (US$3.43) but is currently sitting at AU$0.42.
This comes after several reports and investigations into misconduct and regulatory breaches at the company by the New South Wales (NSW) Independent Casino Commission.
The allegations include falsifying welfare checks, compliance and withdrawals.
