The Star Entertainment Group Limited (ASX: $SGR) has announced the appointment of Ms Anne Ward as the new Chairman of the Board, effective immediately. Mr Foster will continue his executive responsibilities during an interim period, and a search for a permanent Group CEO was initiated in March. Additionally, Mr Foster will remain a director of relevant subsidiary company boards until they can be reconstituted by individuals holding necessary regulatory approvals. Ms Ward will receive the usual directors' fees for performing the role of Chairman as disclosed in The Star's most recent remuneration report.
The appointment of Ms Anne Ward as the new Chairman of The Star Entertainment Group reflects our commitment to strong and effective leadership. We are confident that Ms Ward's extensive experience and strategic insights will contribute significantly to the Board's decision-making process and the overall governance of the company.
The appointment of Ms Anne Ward as the new Chairman of The Star Entertainment Group signifies a pivotal moment in the company's governance. With the ongoing search for a permanent Group CEO and the continued executive responsibilities of Mr Foster, The Star is focused on ensuring stability and effective leadership. The Board's decision to appoint Ms Ward underscores the company's dedication to maintaining a robust governance structure. Looking ahead, The Star aims to leverage Ms Ward's expertise to drive strategic initiatives and uphold strong corporate governance practices, ultimately contributing to the company's long-term success.