ASX SGR: Star chairman David Foster ousted by board, Anne Ward steps in as inquiry blowback continues
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.
Stay updated with breaking news from Nick Weeks. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
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.
Chair David Foster also says it was the company’s decision to sack Robbie Cooke and not his choice to leave, contradicting an email Cooke sent to 8000 employees last month.
Scott Saunders, chief risk officer of Star Entertainment, said he’s never worked in an organisation that was under as much pressure.
A senior executive told the inquiry she knew up to 25,000 source of wealth checks were incomplete as contact details for the customers were unable to be found.
In less than two weeks, Star Sydney’s current and former executives will be hauled before Adam Bell SC for a second time in 18 months. The outcome will affect 3,000 employees and billions of dollars in state taxes.