Macquarie Asset Management’s Bingo Industries has lost three of its most senior executives as the troubled waste management company struggles under a heavy debt burden three years after it was taken private in a $2.3 billion buyout.
The Australian Financial Review has confirmed that the company’s chief executive, Chris Jeffrey, has told staff he will leave by the end of the year. He will be followed out the door by chief financial officer Geoff Hill and chief information officer Declan Hogan.
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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
