Archived News for Executives and Senior Management
Despite a voluntary 25 per cent cut to Paladin Energy’s chief executive John Borshoff, nearly 17 per cent of the company’s shareholders voted against the uranium miner’s remuneration report at its annual general meeting.
The vote narrowly avoided a “first strike” against the company under the Federal Government’s corporate governance laws.
The Australian Shareholder Association railed against the report, questioning the company’s “excessively generous” remuneration policies.
Virgin's board hits shareholder turbulence
Shareholders have staged a protest at Virgin Australia’s AGM after 16 per cent of votes were cast against the remuneration report, despite the company climbing out of a $68 million loss last financial year and returning to profit in the first quarter.
ANZ CEO to chair Bankers Association
ANZ CEO Mike Smith has been announced as the Chairman of the Australian Bankers Association (ABA), with Citi’s Stephen Roberts as Deputy Chairman.
MTAA announces new appointments
MTAA has announced a range of Board and Executive appointments aimed at expanding the fund’s skill base and continuing the fund’s policies of transparency, accountability and best practice in governance.
Westpac restructures
Westpac’s CEO Gail Kelly has announced a new orgainsational structure for the banking group, aimed at accelerating the next phase of its growth strategy.
Fusion on the hunt as Roberts steps down
Fusion Retail Brands is once again on the hunt for a new chief executive after Kevin Roberts announced he will depart the role for family reasons.
Nigel Williams appointed ANZ risk officer
ANZ has announced Nigel Williams as the company's chief risk officer and new member of the ANZ Management Board, reporting directly to ANZ's CEO Mike Smith.
Sir Henry to step down from Fonterra
Dairy giant Fonterra's long serving Chairman Sir Henry van der Heyden has announced his intentions to step down from the position at the Co-operative's next AGM.
OMD promotes executive team
Media and communications specialist OMD has announced it has promoted three senior executives to the company's national team.
Cabcharge faces spill after no vote
Cabcharge has been forced to review its executive remuneration packages or face a board spill after shareholders refused the board's offering at the company's AGM.
MLC announces restructure
MLC has announced a restructure of its financial advice business, with Greg Miller stepping down from the position of general manager, MLC Advice Solutions to move to general manager, MLC Direct.
AFR headhunts The Australian's strategic business director
The Australian Financial Review has hired The Australian’s strategic business director Simon Smith, forming part of the The Australian calls an ‘audacious headhunting spree’.
Midwinter announces executive reshuffle
Financial services group Midwinter has announced an executive restructuring after Executive Director Matthew Esler announcer he will be stepping down from the role.
Devonport announced as Toll's new CFO
Grant Devonport has been announced as Toll’s new Chief Financial Officer, after acting in the role since September.
Queensland film to explain executive safety obligations
The Queensland Government has released a new online film to help executive officers better understand their obligations under the state’s new health and safety laws.
Croudace starts Coffey role
Mark Croudace has taken the position as Group Executive of Coffey Environments, after moving from Group Executive Business Development.
QR National to amend executive goals
Freight haulage giant QR National is looking to make alterations to its compensation terms in a bid to make it easier for their executives to hit targets in an increasingly difficult haulage environment following extensive flooding earlier this year.
Murdoch returns to News Limited helm
Rupert Murdoch will resume the position of chairman of the Australian arm of his News Limited empire after John Hartigan announced his retirement from the role of CEO and Chairman.
Director for PSR announced
Dr William Coote has been appointed permanent Director of the Professional Services Review (PSR), Minister for Health and Ageing Nicola Roxon announced.
Dr Coote, who has been the acting Director of PSR since 14 August 2011, will begin his three-year appointment on 14 November 2011.
The PSR is an independent statutory authority that investigates whether health practitioners have inappropriately provided services that attract benefits under the Medicare Benefits Scheme (MBS), or have inappropriately prescribed medicines under the Pharmaceutical Benefits Scheme (PBS).
“The PSR plays an important role in protecting the integrity of the MBS and PBS,” Ms Roxon said.
“As the Director of PSR, Dr Coote will help to ensure that taxpayers do not bear the cost of medical services that fail to meet the expectations of the medical profession.”
Dr Coote is an experienced general practitioner with considerable expertise in health policy, training and practice. Previously, Dr Coote was the Secretary General of the Australian Medical Association and the inaugural CEO of General Practice Education and Training Ltd, and has operated a general practice in South Brisbane.
Ms Roxon said she was pleased Dr Coote had accepted the appointment and looked forward to working with him.
Southern Health CEO takes out award
Shelly Park, CEO of Southern Health, Victoria’s largest public health service, has been awarded Telstra Victorian Business Woman of the Year.
Macquarie's deputy steps down
Macquarie’s longest serving employee, deputy Chief Executive Officer Richard Sheppard, has announced he will be stepping down from the position and departing the company after 36 years of service.