Australia's Star Entertainment replaces chairman after lawsuit
Updates with further details and background
March 22 (Reuters) - Australian casino operator Star Entertainment SGR.AX on Wednesday named DavidFoster as chairman to replaceBen Heap, who is being sued by the country's corporate regulator, when he retiresfrom the role onMarch 31.
The regulator in Decemberannounced it was suing 11 current and former directors and officials of the casino operator for poor management of money-laundering risks.
Among them, Heap and former non-executive director Katie Lahey were the only two who were on the board then. Both intended to contest the allegations.
Incoming Chairman Foster, who was theCEO of Suncorp Bank and was responsible for navigating the lender throughthe global 2008 financial crisis, joined Star Entertainment'sboard in December last year.
Reporting by Navya Mittal in Bengaluru; Editing by Shilpi Majumdar and Devika Syamnath
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