Endeavour chairman Peter Hearl has no intention of relinquishing the top board seat at the pubs and liquor retailer, but admitted that “there is much more to do” to restore its sagging share price and repair its relationship with No.1 shareholder Bruce Mathieson.
He accused the pubs billionaire of exerting “disproportionate control over Endeavour without paying for it” and of using incomplete information to destabilise the company, in Mr Mathieson’s campaign to shake up the board.
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Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
