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Sacked Smiggle executive John Cheston faces loss of $4m in shares

Kylar Loussikian and Carrie LaFrenz
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The sacked chief of stationery chain Smiggle will be stripped of about $4 million in shares if investors in Solomon Lew’s retailing group agree with the unanimous recommendation of the company’s board.

Mr Lew’s Premier Investments said in September that John Cheston had been asked to leave the business after 12 years because of “serious misconduct and a serious breach of his employment terms”.

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Kylar Loussikian is the Financial Review’s deputy editor – business. Email Kylar at kloussikian@afr.com
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
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    Original URL: https://www.afr.com/companies/retail/sacked-smiggle-executive-john-cheston-faces-loss-of-4m-in-shares-20241111-p5kplb