<\/p>\n
Star Entertainment Group chairman Anne Ward has revealed her intention to retire from the Board of Directors \u2013 but not before Bally\u2019s Corp and Bruce Mathieson\u2019s Investment Holdings complete their acquisition<\/a> of a controlling stake in the company.<\/p>\n Ward, who was appointed to the Star board in November 2022 and became chair in November 2024, outlined her plans in a letter to shareholders that accompanied the announcement of Star\u2019s Annual General Meeting on 25 November. Her re-election as a director is one of the main items up for vote at the AGM.<\/p>\n In her letter to shareholders, Ward stated, \u201cAlthough I am standing for re-election as a Director at this meeting, it is my intention to retire from the Board and resign as a Director of the Company at the time the Convertible Notes issued to Bally\u2019s and Investment Holdings are converted to shares in the Company, and Bally\u2019s and Investment Holdings become entitled to appoint the majority of Directors to the Board.\u201d<\/p>\n While Ward has promised to stay for now, the upcoming AGM could still result in further upheaval with Star outlining a conditional spill resolution should at least 25% of shareholders vote against another item \u2013 adopting the company\u2019s remuneration report.<\/p>\n At Star\u2019s 2024 AGM, 43% of shareholders voted against the remuneration report, constituting a \u201cfirst strike\u201d. A \u201csecond strike\u201d next month would under Australian corporate governance rules result in a spill resolution that, if passed, would require all directors to stand down, pending possible re-election.<\/p>\n Star Managing Director and Group CEO Steve McCann will not be subject to standing down, the company confirmed.<\/p>\n The upcoming AGM will see one existing director, Michael Issenberg, voluntarily retire<\/a> while Bruce Mathieson Jr \u2013 the son of Star investor Bruce Mathieson \u2013 is standing for election<\/a> after his recent appointment.<\/p>\n<\/p><\/div>\n \u2018 The preceding article may include information circulated by third parties \u2019 <\/em><\/p>\n \u2018 Some details of this article were extracted from the following source asgam.com \u2019 <\/em><\/p>\n","protected":false},"excerpt":{"rendered":" Star Entertainment Group chairman Anne Ward has revealed her intention to retire from the Board of Directors \u2013 but not before Bally\u2019s Corp and Bruce Mathieson\u2019s Investment Holdings complete their acquisition of a controlling stake in the company. Ward, who was appointed to the Star board in November 2022 and became chair in November 2024, […]<\/p>\n","protected":false},"author":2,"featured_media":2117775,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"footnotes":""},"categories":[25172],"tags":[],"class_list":["post-2117774","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-entertainment"],"jetpack_featured_media_url":"https:\/\/celebrity.land\/en\/wp-content\/uploads\/2025\/10\/Star-Entertainment-Group-chair-Anne-Ward-outlines-plan-to-retire.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2117774","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/comments?post=2117774"}],"version-history":[{"count":1,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2117774\/revisions"}],"predecessor-version":[{"id":2117776,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2117774\/revisions\/2117776"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media\/2117775"}],"wp:attachment":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media?parent=2117774"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/categories?post=2117774"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/tags?post=2117774"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}