Star Entertainment's chief risk officer Scott Saunders quits
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The news: Star Entertainment's group chief risk officer Scott Saunders has resigned, as the casino operator awaits the release of Adam Bell's report from the inquiry into its suitability to hold a NSW casino licence.
The numbers: Star shares were trading 1.72% lower at $0.57 by 11:25am AEST.
The context: Saunders, who joined the Star in February 2023, will continue in the role for six months until his expected departure date of 31 January 2025. The company said he will continue ongoing work in relation to its remediation program and will facilitate the transition to his successor once appointed.
Saunders, who previously held leadership roles at NAB, Macquarie Group and Westpac, will also cease to be a director of all subsidiary company boards upon his departure.
The Star noted that a search for a new group CRO will commence shortly.
On Tuesday, the gambling group said that Adam Bell's report from the inquiry into the suitability of Star to hold a casino licence in NSW is due to be provided to the NSW Independent Casino Commission today, with the public release of the report expected "sometime thereafter".
What they said: Acting group CEO Neale O'Connell said: "I want to thank Scott for his dedication and commitment to The Star during a difficult and transformative period and wish him well in his future endeavours".
The source: ASX announcement
