CFO Katsibouba Exits Star Entertainment Amid Executive Shuffle

Star Entertainment's CFO, Katsibouba, has left the company as part of a wider change in its leadership team.

Star Entertainment has announced changes in its management team. The company's Chief Financial Officer, Christina Katsibouba, is leaving her job. The company is doing this as part of a plan to fix some of its problems and to make the business better.

New Management at Star Entertainment

The company is changing its leaders to deal with ongoing legal problems. With the departure of CEO Robbie Cooke, they are actively remodeling their leadership team.

• Robbie Cooke took over as CEO in November 2022 but is stepping down at a pivotal time.
• Chairman David Foster is now taking on executive duties during the search for a new CEO.
• Anne Ward steps up as lead independent director.

Cooke left the company because an investigation found it was not suitable to have a casino license in New South Wales.

How Star Reacts to Regulations

The New South Wales Independent Casino Commission is investigating Star Entertainment again. This is the second time, following a 2022 investigation that found problems with the company's handling of money laundering and player protection. The current investigation aims to check if Star Entertainment has made the improvements that were suggested before.

New Interim CFO Appointed

Christina Katsibouba has left her position at Star, and now Neale O’Connell is taking over as the interim CFO. O'Connell has a lot of experience in the gaming and leisure sectors from his long 14-year tenure as CFO at Tatts Group.

Star's Financial Performance

Star Entertainment made money again in the first half of 2024, despite making 14.6% less in sales compared to before. This is a positive shift for the company, which had been losing money.

Our company is dedicated to ensuring fair and responsible gaming practices.

David Foster, the acting executive chairman, has commended Cooke for his dedicated work over the past year. Star Entertainment is focusing on safe and ethical gaming because they want to rebuild trust with their stakeholders and get their casino license back in NSW.

Changes in the Finance Department at Star Entertainment.

Katsibouba left her role as the company's CFO, which she had held since May 2022. This change is part of the company's efforts to improve its performance. Before leaving, her career path included the following milestones:

• Joined Star Entertainment in April 2015 as general manager of finance transformation.
• Held roles as group financial controller and deputy CFO.
• Served as group executive for gaming before being appointed CFO.

Katsibouba is leaving Star Entertainment to look for new jobs. The board and chairman have praised her for the work she has done there.

Seasoned leaders are now in charge.

O'Connell is now the temporary CFO and has a history of doing well in the field. The company believes his past work and knowledge will help them overcome their current problems.

Building Trust with Stakeholders

The management at Star Entertainment is working to guide the company through current challenges. They are committed to their many employees, focusing on keeping the company stable and getting stronger despite difficulties.

For more information about the NICC's ongoing inquiry into Star Entertainment's conduct, refer to the official government resource: NSW Independent Casino Commission.

Star Entertainment, currently under government examination and working on financial improvement, is changing its leaders to fix its compliance and reputation issues and improve profits. They are now strongly focusing on being ethical and rebuilding their relationship with people who have a stake in the company.