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Musical chairs: Turmoil for some as long-time bosses pull up stumps

The new financial year appears to have brought about a rethink with corporate bosses deciding they have had enough.

Jul 26, 2022, updated Jul 26, 2022
Woolworths chair Gordon Cairns has resigned

Woolworths chair Gordon Cairns has resigned

Nowhere (so far) has it been more profound for the company than at Brisbane based fintech EML Payments where long-time managing director Tom Cregan suddenly walked to be replaced by existing director Emma Shand.

There was now media speculation that the entire EML board would have to go after its Irish business continued to throw up problems with that country’s central bank. Its share price has plummeted in recent weeks after the departure of Cregan and revelations that it had not yet fixed its problems in Ireland.

Woolworths also announced today that Gordon Cairns would retire as chair to be replaced by current director Scott Perkins. Banking regulator APRA also announced the departure of Wayne Byers.

G8’s Garry Carrol has also decided to move on after guiding the company through some of its toughest-ever years. He will be succeeded by Pejman Okhovat.

So too Impedimed’s Richard Carreon, who announced today that he was walking after 10 years with the company. Carreon said the time was right for him to move on because the company was in a sound financial position and there was a vision in place to guide it for the next few years.

Director David Anderson will assume the acting CEO role at Impedimed.

Life science and technology company AnteoTech has appointed a new chair and a new chief executive. Former Allens partner Ewen Crouch will replace Jack Hamilton as chair. Earlier this year Derek Thomson resigned as AnteoTech’s chief executive, but would work out a six-month notice and would work with executive director Christopher Parker.

Lenard Poulter also handed over the reins of his Lenard’s business to Harry Rumpler.

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But the biggest clean out has been at Star where mass resignations have occurred at board and executive level over the allegations of money laundering and other criminal activity emerged from media reporting as well as public hearings into its casino licence.

 

 

 

 

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