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Mike Cannon-Brookes closes in on victory in AGL board tussle

Momentum has continued to shift towards software billionaire Mike Cannon-Brookes’ plan to refresh AGL Energy’s board even as some investors and experts cast doubt on whether his goal to steer the giant electricity supplier onto a 1.5 degree warming path is achievable.

The powerful industry superannuation sector is backing three of the four directors nominated by AGL’s biggest shareholder for the seats up for election at the AGM on November 15 in a bid to fast-track its exit from coal power.

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Angela Macdonald-Smith writes on the resources industry with a focus on energy, including gas, oil, electricity and renewables. Connect with Angela on Twitter. Email Angela at amacdonald-smith@afr.com
Patrick Durkin is Melbourne bureau chief and BOSS deputy editor. He writes on news, business and leadership. Connect with Patrick on Twitter. Email Patrick at pdurkin@afr.com
Mark Ludlow writes on politics, energy and infrastructure based in Brisbane. Connect with Mark on Twitter. Email Mark at mludlow@afr.com

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    Original URL: https://www.afr.com/companies/energy/cannon-brookes-closes-in-on-victory-in-agl-board-tussle-20221103-p5bvb4