Australia's Star Entertainment sees fresh executive departures as CFO, COO exit

Dec 29 (Reuters) - Embattled Australian casino operator Star Entertainment SGR.AX said on Monday that its Chief Financial Officer, Frank Krile, had resigned and would be leaving the firm, effective immediately.

Group Chief Operating Officer Jeannie Mok has also resigned and will be leaving Star at the end of January 2026, the company added in its statement.

The announcement comes over a week after the casino operator appointed Bruce Mathieson Jr. as its chief executive, replacing Steve McCann. Star confirmed Mathieson Jr.'s appointment as CEO on Monday.

The firm had also appointed U.S.-based Bally's BALY.N chair Soo Kim as its new chairman earlier this month.

The Mathieson family and Bally's are Star's biggest shareholders, with 23% and 38% stakes respectively, and have played a key role in bankrolling a rescue of the Australian casino group as it teetered on the brink of bankruptcy.

"I would like to thank Frank and Jeannie for their significant contribution to the business and particularly their assistance in progressing our remediation plan," said CEO Bruce Mathieson Jnr.

Star said it will commence a process to identify a new group chief financial officer.

Shares of the firm fell as much as 3.9% to A$0.125 by 2321 GMT.