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Board shake-up

This Month

Endeavour Group holds an investor day on its hotels business on December 6.

Mathieson Group says Endeavour chairman’s days are numbered

With tensions unresolved, the Mathieson camp says it is prepared to call an extraordinary general meeting if Peter Hearl does not step down.

  • Carrie LaFrenz
Nelson Peltz, who called off a proxy fight with the Disney board earlier in 2023, remains a significant shareholder in the entertainment group.

Peltz’s Trian seeks Disney board seats after request is rejected

Activist investor Nelson Peltz has launched a new proxy fight against Disney after the entertainment giant rejected its bid for board seats.

  • Crystal Tse and Thomas Buckley

November

Michelle Guthrie has been voted out as Mighty Kingdom chair.

Shareholders oust Michelle Guthrie from video game maker’s board

The former ABC managing director has been voted off the board of the video game developer.

  • Jessica Sier
Healius big shareholders’ No.1 ask of the new chair is to fix operating performance.

Healius chair’s head on a stick shows investors out of patience

If the healthcare company can’t pull up its socks in the medium term, expect investors to push the board to think about other ways to realise value.

  • Anthony Macdonald
Hamish McLennan at his Sydney home this week.

Hamish McLennan puts on the boxing gloves and hopes for a soft landing

Despite simmering public criticism and the Rugby Australia dispute, the executive remains among the country’s most influential corporate players.

  • Updated
  • Jemima Whyte
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Simon Moore.

‘Not easy ride’: private equity’s Simon Moore leaves AMA

The upcoming departure means all of AMA’s pre-pandemic board will have left. Mr Moore says he is confident in the outlook.

  • Liam Walsh
Hamish McLennan described the actions of six state unions against him as “grubby”.

Future of Rugby chair in balance after emergency board meeting

But Hamish McLennan says the state unions that want him out are self-interested and waging a “grubby” smear campaign.

  • Updated
  • Zoe Samios
Dan Loeb says single stock short selling has become much harder.

How activist Dan Loeb became a Wall Street icon

Even in a room of people who know how to grease the wheels that make the markets go around, it’s hard not to love a bomb-thrower.

  • Updated
  • Anthony Macdonald
NRL clubs are negotiating the terms of a new licence agreement that will allow them to compete from 2025.

NRL clubs shut down attempts to introduce female, diversity quotas

The Australian Rugby League Commission proposed mandating that one-third of directors and 25 per cent of executives be women, sources say.

  • Zoe Samios
AACo herds were uninsured when flood struck, killing 43,000 head.

AACo’s golden director insurance cover unveiled

A leaked proposal shows D&O cover was the most expensive item on an insurance shopping list for the cattle giant, which has not paid dividends for 15 years.

  • Liam Walsh

October

Endeavour chairman Peter Hearl at the AGM in Sydney.

Endeavour chairman seeks ‘resolution’ with pubs billionaire

Peter Hearl clashed with a representative of major shareholder Bruce Mathieson accusing the pubs billionaire of destabilising the company.

  • Updated
  • Carrie LaFrenz and Simon Evans
Endeavour Group owns the Dan Murphy’s liquor chain, BWS and 354 hotels.

Endeavour sales miss market expectations as focus switches to returns

The company’s largest investor, billionaire publican Bruce Mathieson, says revenue is in “absolute free fall”. The retailer holds its annual meeting on Tuesday.

  • Simon Evans and Carrie LaFrenz
Bruce Mathieson, Endeavour’s largest shareholder, is not happy with the strategy the company is pursuing at its Dan Murphy’s chain.

Endeavour to suffer first strike but Bill Wavish tilt fails

The Dan Murphy’s owner is set to be hit with a protest vote over its performance, but Bruce Mathieson’s pick for the board has fallen well short.

  • Simon Evans and Carrie LaFrenz
Dan Murphy’s is in the eye of the storm as the Endeavour board stoush escalates.

Mathieson piles heat on Endeavour chairman to step down

‘I am not going to sit by and watch this great company fail due to poor leadership,’ says billionaire pubs owner.

  • Updated
  • Carrie LaFrenz and Simon Evans
Roger Corbett ran Woolworths as it grew its liquor retailing business.

Roger Corbett says Endeavour chairman must go

The former Woolworths CEO says Peter Hearl should quit the board, even if Bill Wavish, is unsuccessful.

  • Carrie LaFrenz and Simon Evans
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Bill Wavish’s bid to join the Endeavour Group board will be put to a vote at the annual general meeting.

Bill Wavish slams proxy firm CGI Glass Lewis over Endeavour report

In a letter to shareholders, the directorship candidate says the report makes unfair representations about his past executive and board career.

  • Carrie LaFrenz and Simon Evans
Pubs billionaire Bruce Mathieson owns 15 per cent of Endeavour Group.

Bruce Mathieson pitches peace offering at Endeavour as proxies bite

The decision comes after proxy firm Ownership Matters told clients to vote against the election of Mathieson-backed candidate Bill Wavish.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Tim Reed is the new GWS chairman.

BCA boss Tim Reed to guide AFL Giants into new era

Mr Reed becomes the second chairman of the AFL’s western Sydney club, replacing Tony Shepherd who led the Giants since their 2011 inception.

  • Zoe Samios

Magellan activist to vote against John Eales as director

Activist investor Sandon Capital says it will vote against the re-election of director John Eales at the fund manager’s annual general meeting, citing the group’s pay policies.

  • James Thomson
New Telstra director Maxine Brenner has been on the Qantas board for a decade

New Telstra director Maxine Brenner hit with 17pc protest vote

Chairman John Mullen refused at the AGM to answer questions about Ms Brenner’s ability after concerns were raised over her tenure on the board of Qantas Airways.

  • Jenny Wiggins