AMA’s CEO, chairman out amid capital raising for smash chain
Liam WalshReporter
Key Points
- AMA Group is Australia’s biggest smash repair chain with 130 sites.
- It’s chairman and CEO both have announced their departures.
- AMA is raising funds and has previously lost almost $320m.
The chairman and chief executive of Australia’s biggest smash repair chain, AMA Group, are leaving after a tumultuous period of pressure on earnings and the balance sheet.
The departures of AMA chairman Anthony Day and chief executive Carl Bizon were flagged in The Australian Financial Review’s Street Talk column on Thursday, with Melbourne-based AMA looking to raise up to $60 million.
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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
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