The Star Entertainment Group has announced the retirement of its current chairman and non-executive director, Ben Heap.<\/p>\n\n\n\n\n\n\n\n
Australia.- The Star Entertainment Group has announced that its chairman and non-executive director, Ben Heap<\/a>, will retire effective on March 31. David Foster<\/strong>, who joined the board on December 15, 2022, and recently received all necessary regulatory approvals, will take over from that date.<\/p>\n\n\n\n According to the company filing, Foster has over 25 years of experience in the financial services sector, including a five-year stint as CEO of Suncorp Bank<\/strong> during the global financial crisis. He serves as Chairman of G8 Education<\/strong>, the largest ASX-listed childcare and early education operator, and holds various ASX-listed company directorships, including at Bendigo and Adelaide Bank.<\/p>\n\n\n\n Heap stated: \u201cThe board has evolved in a timely but measured way over the past 12 months. In addition to our recently appointed managing director & CEO, Robbie Cooke<\/a>, four experienced non-executive directors have joined the renewed board with an additional director awaiting final regulatory approval. <\/p>\n\n\n\n \u201cI would like to express my appreciation to the board and management for their continued support during my tenure as chairman. I have every confidence The Star will be a powerhouse of the Australian tourism and entertainment sectors for decades to come, employing thousands of people across stunning locations in Sydney, Brisbane and the Gold Coast.\u201d <\/p>\n\n\n\n Foster praised Heap’s leadership and stability during a challenging period for The Star and noted that the company has taken important steps towards earning back the trust of the community. The Star is seeking to rebuild following a tumultuous period that included investigations into money laundering at its casinos and the departure of its former CEO, Matt Bekier<\/a>. <\/p>\n\n\n\n