Archived News for Executives and Senior Management - August, 2011
Federal Independent Senator Nick Xenaphon has slammed BlueScope’s executive remuneration after the company posted a $1 billion loss and slashed 1,400 jobs.
The company’s chief executive Paul O’Malley collected a $721,000 bonus, its chairman Graham Kraehe also received $486,082 for attendance to the company’s monthly board meetings as its non-executive director.
Mr Xenaphon attacked the packages, labeling them as ‘obscene’, describing a “dark day” for corporate governance.
Construction giant Leighton Holdings has announced the appointment of Stephen Johns as the company’s new chairman after the surprise resignation of chairman David Mortimer.
Jean-Pascal Beaufret, the chief financial officer of the National Broadband Network Co (NBN Co), has announced he will be stepping down from his position in January next year.
Telstra has bucked declining consumer spending and decreased business confidence to post $5.5 billion in free cash flow after the company announced strong sales momentum has pushed the company beyond its growth expectations.
The Government will be introducing amendments to the Corporations Act 2001 in the Spring Parliamentary sittings in an attempt to provide further certainty around aspects of the new executive pay reforms.
UniSuper’s CEO, Terry McCredden, has been awarded the Fund Executive of the Year award after “demonstrating exceptional leadership in the areas of advice, investment management, risk management”.
Portfolio administration and managed account technology provider Praemium has announced that Michael Ohanessian will take the chief executive role after founder and current CEO Arthur Naoumidis steps down from his position.
Jetstar has announced it is considering relocating some of its senior management from Melbourne to an Asian centre in an attempt to follow the lucrative fast-growing markets in China and other parts of the region.
Myer Group has confirmed it has reached an agreement with Chief Executive Officer and Managing Director, Bernie Brookes, to extend his the term of his contract through to August 2014.
Chief executive officer of the Melbourne Convention and Exhibition Centre Leigh Harry has retired after 22 years of serving in the position to accept as chief executive of Tourism Victoria.
Woolworths’ director of food, liquor and petrol for Australia and New Zealand Greg Foran has quit the company four months after being passed over for the chief executive position.
A combination of rising inflation and falling economic growth has led to a sharp decline in the number of Australian executive jobs on offer, according to executive employment specialists E.L Consult.
Seven of the eight Centro team involved in the company’s controversial financial misconduct allegations have asked the Federal Court to spare them any forms of punishment.