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Boral delivers a deal, an apology and a promise

Boral's $1.4 billion deal to sell out of its plasterboard joint venture buys new CEO Zlatko Todorcevski time and some credibility with investors.

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The new chief executive of building materials giant Boral, Zlatko Todorcevski, and the outgoing chairman, Kathryn Fagg, came to the group’s annual general meeting on Tuesday determined to show they had listened to an avalanche of advice from its big investors, including 19.9 per cent shareholder Seven Group, John Wylie, Perpetual and small activist outfit Sandon Capital.

Boral chairman Kathryn Fagg and new CEO Zlatko Todorcevski came to the AGM with a clear message for investors.  Peter Braig

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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

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    Original URL: https://www.afr.com/chanticleer/boral-delivers-a-deal-an-apology-and-a-promise-20201027-p568yi