The Star Entertainment Group Limited advises that Mr. John O'Neill AO will assume the role of Executive Chairman on an interim basis, effective immediately.
Executive search firm Spencer Stuart has commenced the search for a new Managing Director and CEO following the resignation of Mr. Matt Bekier, announced on 28 March 2022. Mr. Bekier will be available in the short term to provide handover assistance as the Board requests. Mr. O'Neill will lead the company as Executive Chairman until a new Managing Director and CEO is appointed. The Board will also embark on a program of renewal in a timely manner. Mr. Michael Issenberg's appointment as a Non-Executive Director (subject to regulatory approvals) was announced on 17 February 2022. Further announcements will be made in due course. While the Board considers it critical that the company has stability in this transitional period to a new Managing Director and CEO, it acknowledges the need for accelerated Board change. As The Star continues to focus on its day to day business it is also committed to its more than 8,000 team members after two years of COVID related shutdowns and restrictions. A review of The Star Sydney being undertaken by Mr. Adam Bell SC is ongoing. The Star continues to cooperate fully.