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Activist turns EML on its head in just five months

It’s astonishing how quickly an activist investor with barely a 10 per cent stake can turn a company’s strategy, board and management team on its head. 

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It’s astonishing how quickly an activist investor with barely a 10 per cent stake can turn a company’s strategy, board and management team on its head.

This time last year it was Mike Cannon-Brookes’ Grok taking on AGL Energy, in a stoush that ended with a cancelled demerger, new board, new chairman and new CEO.

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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com

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    Original URL: https://www.afr.com/chanticleer/activist-investor-turns-eml-payments-on-its-head-20230417-p5d0yy