David Foster will be replaced by director Anne Ward. She was one of the few directors who wanted former CEO Robbie Cooke to step down in December.
Star Entertainment Group chairman David Foster has been removed from his position by the company’s board, days after he tried to justify text messages that called for the scrapping of the casino regulator and removal of the manager controlling its Sydney casino licence.forward, despite admitting he was “trigger-happy” with his text messages and conceding the Sydney casino was unsuitable to regain its licence.
She was elected over the weekend, and confirmed Mr Foster would continue with his executive responsibilities and stay on the board until a new CEO is found.Mr Foster has taken a temporary leave of absence from his other chairman positions at Youi and Bendigo and Adelaide Bank. Ms Ward is currently chairwoman of ASX-listed e-commerce group Redbubble and communication software provider Symbio. She was formerly a director of Crown Resorts.
Mr Foster’s removal comes a week after he conceded to the independent inquiry, run by Adam Bell, SC, that the gaming giant was unsuitable to operate a casino in Sydney. Mr Foster was also questioned about a series of “heat of the moment” texts between him and Mr Cooke that discussed the removal of Mr Weeks and a potential class action by shareholders.
The interim boss of Star Sydney, Peter Humphreys, revealed at the beginning of the inquiry he knew of the use of China Union Pay debit cards at the Star Sydney hotel between 2015 and 2020 to fund gambling, which is prohibited under the card’s international rules.The inquiry heard the NICC told the Star board last year it had no confidence in the ability of former CEO Mr Cooke to remediate the company and get it back to suitability.
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