Star Entertainment Group has begun a search for a new group chief executive and managing director to replace Steve McCann.
McCann has held the role since June 2024 but has now stepped down following the recent investment by Bally’s Corporation and Investment Holdings.
The Star’s newly elected executive chairman, Bruce Mathieson Jnr, will take on additional duties while a search for a permanent CEO is conducted.
McCann will remain available to assist the company through a handover period in relation to government and regulator interaction until 8 July 2026.
“On behalf of the Board I want to thank Steve for his strong leadership and hard work during one of the most complex and challenging periods for The Star,” said Mathieson Jnr. “Steve joined at a time of crisis for The Star and has helped to deliver a critical financial reset for the business and successfully progressed our Remediation Plan, which have laid the foundations for The Star’s long-term future success. We wish him well in his next endeavours.”
Commenting on his departure, McCann said: “The strategic investment by Bally’s Corporation and Investment Holdings Pty Ltd provides an opportunity for The Star to move in a new direction and pursue a pathway to recovery and future growth. Now is the right time for new leadership to be put in place with the experience and passion to build on that momentum and take The Star forward.
“I want to thank our 8,000-strong workforce for their commitment and resilience throughout a challenging period. Their dedication has been central to safeguarding the business and positioning it for its next chapter.”
Shares in The Star Entertainment Group Ltd (ASX:SGR) closed unchanged at A$0.11 per share in Sydney Tuesday.