Australia’s Star Entertainment Group has announced the appointment of Anne Ward and David Foster as non-executive directors, subject to regulatory approval.
Ward has expertise in business management, strategy, governance, risk and finance, and broad industry experience spanning financial services, banking, insurance, technology, healthcare, government, education, tourism and entertainment.
Ward most recently served on the Crown Resorts Board of Directors, but retired in June of this year. Completion of Acquisition by BlackstoneShe is also currently chairman of e-commerce group Redbubble and communications software provider Symbio Holdings.
Foster has worked in the financial services sector for over 25 years, including over 5 years as CEO of Suncorp Bank.
He has also served on various industry boards, including financial services, retail, government, education and professional services, and currently serves on the boards of many companies including Bendigo and the Bank of Adelaide.
“Anne and David bring a relevant set of skills to the board at this critical time,” Starr interim chairman Ben Heap said. “They bring extensive experience in a highly regulated industry, a strong background in risk and compliance, and valuable leadership insights developed during their respective careers in law and banking.
“We welcome Ann and David to continue the refreshment of our board, along with independent directors Michael Issenberg, Richard Shepard, Katie Lahey and Gerald Bradley.”
The dual appointments come after New South Wales’ parliament last week passed legislation creating the state’s new land-based regulator. The regulator will oversee two operators, Crown and Star, recovering from widespread scandals involving their businesses.
The new agency will take over following passage of the Casino Law Reform Bill 2022. The law outlines new requirements for two casinos, including enhanced anti-money laundering checks, and outlines exactly what kind of training is expected of staff.
Earlier this month, Star expected to post A$1.53 billion normalized revenue in fiscal 2022, the year in which the company’s license faced significant scrutiny, after a strong domestic recovery in the fourth quarter. said there is.
