The Star dumps data while former execs trash business

Former chief executive officer Robbie Cooke – who quit last month – has also been accused of failing to be transparent about the group’s debt exposure and earnings position with the broader executive team. Meanwhile, executive chair David Foster has been accused of proposing a class action against the NSW casino regulator and Weeks.

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Foster requested a temporary leave of absence from chairing Bendigo and Adelaide Bank’s board on Wednesday afternoon following the revelations. Vicki Carter was appointed interim chair.

Katsibouba, Hughes and Ivanoff have all told the inquiry that they flagged their intention to quit The Star months before their formal departures were announced, with Cooke alleged to have expressed surprise and disappointment each time and trying to get the executives to stay.

Hughes said on Wednesday he became uncomfortable with the way business was being conducted in relation to pressure to expedite the group’s 635 remediation steps.

Ivanoff, who also formerly held a legal role at Crown Resorts, said she left The Star just four months into her tenure in September 2023 because she felt undermined and excluded from key decisions at the business.

She said the company stopped presenting her copies of reports by special managers and was also left out of correspondence with the regulator despite being the head of the company’s legal department.

“I did not feel like I was being engaged to the fullest extent as the chief legal officer of the organisation,” she said.

“I did feel that I would be brought in and out of topics at whim by the CEO, which I found quite, quite awkward to say the least … I felt that from a transparency perspective, I wasn’t getting the full picture.”

Ivanoff cited three key instances where she was excluded from meetings: the sale of Treasury Brisbane, the Queens Wharf Brisbane joint venture, and taxation discussions with NSW Treasury. She said external law firms, and not The Star chief executive or her colleagues, often informed of the nature of discussions regarding these matters.

“I think when you know that those meetings are taking place, but you are not included in those meetings, it may become a little hard for you to have full visibility over the nature and affairs of the organisation,” Ivanoff said.

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