(Reuters) – Star Entertainment said on Monday executive chairman David Foster will step down after just weeks in the role, adding to the exodus of senior executives at the struggling Australian casino operator.
The management's resignation comes in the face of a second inquiry into Sydney's casino operations, which examines Star's ability to operate the casino operator and whether it holds a casino licence. It was done at the right time.
Foster, who became chairman in March 2023, took on additional executive duties late last month after the casino operator's CEO Robbie Cook and finance director Christina Katsibouba announced their departures. took over.
Earlier this month, Jessica Mellor, chief executive of Queensland's Star Gold Coast Casino, the casino's youngest and first female chief executive, resigned without giving reasons. announced.
Anne Ward, an independent director who was appointed to the Star Board in November 2022, will assume the role of Chair with immediate effect.
Star has not yet found a permanent replacement for the CEO position.
The casino operator faces a second investigation into its Sydney operations after its casino operating license was suspended in October 2022, as the regulator was “unsatisfied” with the company's progress in remedial action in the city. ing.
(Reporting by Sameer Manekar and Rishav Chatterjee in Bengaluru; Editing by Matthew Lewis and Kim Cogill)