Star Entertainment Group announces two new non-executive directors under reform program – IAG

Print, PDF & Email Friendly

Australia’s Star Entertainment Group has announced two new additions to its Board of Directors as it continues to push forward with its new program following disappointing results in New South Wales and Queensland.

The latest, named non-executive directors, Mrs Deborah Page AM and Ms Toni Thornton, will join newly appointed Anne Ward and David Foster on the new Supervisory Board.

Thornton will join immediately upon obtaining the necessary regulatory approvals while Page will join from 1 February 2023.

“On behalf of the Board, I welcome Deborah and Toni to this time of significant organizational and cultural change,” said Star CEO Ben Heap.

“They bring a new set of skills and diverse experiences to our Board. Deborah and Toni will be instrumental as we continue to improve and transform The Star.

Also Read :  Lindsay Lohan reacts to ex-boyfriend Aaron Carter's death

Page, a Chartered Accountant, is described by the Star as an experienced and experienced business leader with extensive business experience across a range of ASX listed, private, public and regulated companies. including property, utilities, insurance, technology, innovation and savings sectors.

He is currently a director of Pendal Group Limited and a non-executive director of Brickworks Limited, Growthpoint Properties Australia Limited and Service Stream Limited.

Thornton is described as an experienced executive with more than 15 years of financial and strategic consulting experience, and 13 years of experience in Board-level auditing.

Also Read :  Kanye West Posts Swastika, Elon Musk Bans Him From Twitter – Rolling Stone

He is a Non-Director of G8 Education Limited, CS Energy (a Queensland state energy company), and key private companies such as Millovate Pty Ltd (a private equity firm established to manage the development of a mainly in the Moreton Bay Priority Development Area.) and Habitat Early Learning.

He is a former Non-Executive Director of South Bank Corporation (the development and management authority for Brisbane’s South Bank precinct), Devcorp, Gallipoli Medical Research Foundation and Triathlon Queensland.

Their selection comes after an independent watchdog appointed by Australia’s Star Entertainment Group to oversee the delivery of its restructuring program said last month that the project was deemed to be going ahead.

Also Read :  Entertainment Games Market Research | Edition 2022 | Recent Developments and SWOT Analysis 2028

Star has been found ineligible to hold its casino licenses in NSW and Queensland after a series of inquiries revealed shortcomings in the company’s anti-money laundering controls.

In particular, the NSW Bell Report to The Star Sydney outlined a number of reasons for finding the Star inappropriate – among them the non-use of China UnionPay cards to fund the played at The Star Sydney, Star’s work with Asian junket operator Suncity Group and the company’s response to independent reviews of its anti-money laundering (AML) capabilities and money laundering threat (CTF).

Source

Leave a Reply

Your email address will not be published.

Related Articles

Back to top button