Chanticleer

AGL latest in curious boom in CEOs leaving after pay strikes

Brett Redman is part of a growing trend of CEOs announcing their departures in the year after their firm cops a pay ‘strike’. This year’s toll sits at eight.

Updated Apr 26, 2021 – 11.55am, first published at 11.25am

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There are lots of reasons to talk about the messy departure of AGL chief executive Brett Redman, who has left the energy company in the lurch with his decision to resign just weeks after announcing he would split its retail and generation divisions into separate companies.

Does Redman really deserve his “good leaver” status and the hefty entitlements that come with it? Will his decision to depart so suddenly harm his job prospects? Can AGL really hope to pull off this split with its architect gone?

James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com