Humm director Andrew Abercrombie has distanced himself from the majority directors’ decision to terminate a deal that would have seen its consumer finance arm sold to Latitude Financial, hinting he will push for board renewal.
Mr Abercrombie made clear that as a major shareholder with 23 per cent of Humm’s shares he “will not tolerate a dysfunctional board and is hoping that common sense will prevail”.
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Ayesha de Kretser is a senior reporter with The Australian Financial Review covering the aviation and tourism sectors. She has previously reported on banking, mining and commodity markets. Connect with Ayesha on Twitter. Email Ayesha at ayesha.dekretser@afr.com.au
