Star Entertainment appoints new chair to navigate turbulent times

The Market Herald04-29

The Star Entertainment Group (ASX:SGR) has appointed Ms Anne Ward as Chairman of the Board, effective immediately, in a crucial move as the company continues to strengthen its leadership team during a...

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Mr Foster will also retain his position as a director of other companies.This managerial reshuffle comes during a troubling phase for the group, with multiple allegations and hearings made against it in the NSW senate. The casino and entertainment group is still facing a heavy penalty over allegations that it allowed VIP punters to launder millions of dollars over a period of several years.","collect":0,"end_time":0,"defaultTopTitle":"themarketonline.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{"SGR.AU":"STAR ENTERTAINMENT GRP LTD/T","BK7078":"赌场与赌博"},"translate_title":"明星娱乐任命新主席以应对动荡时期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SGR.AU":1},"content_text":"The Star Entertainment Group (ASX:SGR) has appointed Ms Anne Ward as Chairman of the Board, effective immediately, in a crucial move as the company continues to strengthen its leadership team during a turbulent phase.\nMs Ward will receive standard directors’ fees, as outlined in The Star’s remuneration report.\nWhile Ms Ward adapts to her new role Mr David Foster – Star Entertainment’s recently resigned executive chair – will continue his duties and remain on the Board for an interim period. Mr Foster will also retain his position as a director of other companies.\nThis managerial reshuffle comes during a troubling phase for the group, with multiple allegations and hearings made against it in the NSW senate. The casino and entertainment group is still facing a heavy penalty over allegations that it allowed VIP punters to launder millions of dollars over a period of several years.\nThe search for a permanent Group CEO began in March, reflecting The Star’s commitment to finding the right leadership to drive the company forward. 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