Boral's new CEO Zlatko Todorcevski has three big shareholders who believe there's value in the company. But they'll have no shortage of advice on how to unlock it, either.
It says something about the urgency Boral chairman Kathryn Fagg is feeling that she couldn’t wait for the building materials giant’s full-year earnings in August for chief executive Mike Kane to depart as planned.
Instead, Fagg announced on Monday that Kane’s successor, Zlatko Todorcevski, will take the top job on July 1. Kane will step down as CEO on June 30, before retiring in mid-September. Still, any slight Kane feels will be cushioned by the year’s salary he’ll receive as a result of his “termination”.
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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
