Soo Kim and George Papanier have been appointed as nominees of Bally’s Corporation.
Australia.- The Star Entertainment the Australian group has announced a series of board changes after after the approval of Bally’s AU$300m (US$193m) investment. Bally’s chairman Soo Kim and president George Papanier have been named as directors, while The Star’s chairman, Anne Ward and non-executive director Deborah Page AM have resigned.
Bruce Mathieson Jr, whose family’s Investment Holdings is a key stakeholder, was elected as the new chairman., Peter Hodgson was appointed interim chair of the Audit Committee, and Eirene Garnsey was named an additional company secretary. These changes have immediate effect.
Group CEO Steve McCann said: “On behalf of the Board, I would like to thank Anne Ward and Deborah Page for their significant contributions to the Board during a challenging period for The Star. We wish them well for the future. I would also like to welcome Soo Kim and George Papanier to the Board and look forward to working with them to assist in shaping a new future for The Star.”
Bally’s will hold approximately 38 per cent of Star’s issued capital, with Investment Holdings controlling around 23 per cent. Together they will hold 61 per cent.
Soo Kim and George Papanier have been appointed as nominees of Bally’s Corporation. Australia.- The Star Entertainment the Australian group has announced a series of board changes after after the…
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