Group Chief Financial Officer Frank Krile will leave the company on December 29th, while Chief Operating Officer Jeannie Mok will depart at the end of January 2026. Both had played key roles in advancing Star’s remediation plan following regulatory scrutiny of its operations.
“I would like to thank Frank and Jeannie for their significant contribution to the business and particularly their assistance in progressing our remediation plan. I wish them both well in their future endeavours,” Mathieson said in a statement.
The departures come as Star seeks to rebuild investor confidence after a turbulent period marked by compliance failures, fines and management turnover. The company said it will begin the search for a new CFO and update the market in due course.
The board has now formally confirmed Mathieson’s appointment as CEO and managing director, subject to regulatory and ministerial approvals in New South Wales and Queensland.
His contract includes an annual package of A$800,000 ($537,020), with performance-linked short-term incentives worth up to 150 percent of target and long-term incentives capped at 60 percent of base pay, vesting over three years to 2028.
Mathieson’s agreement also includes a 12-month non-compete clause and termination provisions requiring 12 months’ notice.
The leadership changes highlight the continuing transformation of Star Entertainment, which operates casinos in Sydney, Brisbane and the Gold Coast. The group has faced intense regulatory pressure in recent years, with authorities demanding stronger governance and compliance frameworks.
Recently, Bally’s Corporation and its affiliates have become substantial shareholders in the group, with the company appointing Bally’s Chairman Soo Kim and President George Papanier as directors.
Dingnews.com 29/12/2025