Few chief executives have been through as much corporate stuff as Endeavour Group boss Steve Donohue.

Since taking the reins of what was Woolworths’ big liquor business six years ago, he oversaw its merger with Bruce Mathieson’s ALH to create a cleaner bottle shops and pubs company, spun it out of Woolworths and onto the ASX, and then tried to make a spin-off work as well as it could.