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Star completes Board renewal with appointment of financial services guru

Newsdesk by Newsdesk
Fri 7 Jul 2023 at 06:05
Star Entertainment Group falls to AU$95 million loss in FY20 but domestic gaming showing signs of recovery

The Star Sydney

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Australia’s Star Entertainment Group Limited says it has completed its Board renewal program following the appointment of financial services veteran Peter Hodgson as a non-executive director, subject to regulatory approvals.

Hodgson will become the seventh new addition to Star’s Board of Directors since the renewal program was first announced in April 2022, completing a comprehensive refresh that included the departures of former Chairman John O’Neill and Managing Director and CEO Matt Bekier in the wake of findings tendered during the Bell review into The Star Sydney.

“On behalf of the Board, I welcome Peter to The Star,” said Star Chairman, David Foster. “With his extensive commercial, governance and risk management experience, Peter is well positioned to contribute to The Star’s remediation and transformation.”

According to Star, Hodgson is an experienced director with extensive global financial services experience and a strong business track record. Described as a “strategic thinker” with in-depth experience in large complex companies, he is currently Chairman of ASX-listed Judo Bank and the Centre of Evidence and Implementation, a director of Planum Partners, a member of the University of Melbourne’s Trinity College Investment Management Committee, and a member of the advisory board of Drummond Capital Partners.

He previously held senior executive roles in Australian and global financial institutions including Chief Risk Officer and Group Managing Director Institutional at ANZ, and was most recently Chief Executive Officer and Managing Director of Myer Family Investments.

Hodgson will sit on the Star Board as an observer and join immediately once all necessary regulatory approvals are received, Star said.

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The IAG Newsdesk team comprises some of the most experienced journalists in the Asian gaming industry. Offering a broad range of expertise, their decades of combined know-how spans multiple countries across a variety of topics.

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