Endeavour loses chairman in reshuffle aimed at placating investors
Updated
Peter Hearl will resign as chairman of Endeavour Group amid broader boardroom changes following months of animosity between the alcohol retailer and hotels group and its largest shareholder, billionaire publican Bruce Mathieson.
The operator of the Dan Murphy’s and BWS brands told investors on Wednesday that Mr Hearl would be replaced by Ari Mervis, the former chief executive of Murray Goulburn. Mr Mervis became chairman of department store group Myer in November.
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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
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