Corporate Travel Management chief executive Jamie Pherous allocated $16 million of his personal shareholding in the listed travel agency to long-time lieutenant Laura Ruffles, who left the business citing health-related reasons this year.
One million shares linked to Mr Pherous’ interests had been disposed of, with no consideration paid, according to a customary directors’ disclosure filed to the ASX late on Friday.
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Liam Walsh writes on investigations and companies with The Australian Financial Review. He has won multiple media awards, worked in Japan and is now based in Brisbane. Email Liam at liam.walsh@afr.com.au
