(Reuters) -Star Leisure stated on Monday Chairman David Foster has stepped down simply greater than a yr into the function, including to an exodus of senior administration on the beleaguered Australian on line casino operator.
Foster, who grew to become chairman in March 2023, took over further govt duties late final month after Chief Govt Officer Robbie Cooke, and finance officer, Christina Katsibouba, introduced their exit.
Foster will proceed together with his govt duties for an interim interval because the seek for a everlasting CEO continues, Star stated.
Anne Ward, an impartial and non-executive director who was appointed to the Star board in November 2022, will take over as chair, efficient instantly.
The departures come at a time when the on line casino operator is dealing with a second inquiry into its Sydney operations after a license to function the on line casino was suspended in October 2022, with the regulator “not glad” with the corporate’s progress on its remedial measures.
Earlier this month, Jessica Mellor, chief govt of Star Gold Coast on line casino in Queensland – the on line casino’s youngest and first feminine chief – introduced her departure with out offering any cause.
Shares of the corporate had been buying and selling 3.2% greater at A$0.4025, as of 0102 GMT. Star’s shares have misplaced 22.3% thus far this yr.
