Rear Window
Kathryn Fagg sets herself up as next Boral sacrifice
Chairman dawdles along with her stone-deaf succession process, impervious to her shareholders’ bloodlust.
Joe AstonColumnistAs predicted, Boral chairman Kathryn Fagg has wielded the sword and chief executive Mike Kane is stepping down. After August! Boral’s dozy board has subjected its shareholders to this many consecutive periods of value destruction – what’s one more?
Having downgraded FY20 guidance (his sixth downgrade, preposterously, in under two years) and restating FY19 and FY18 earnings, you have to wonder what stupendous miscarriage would be required to see Kane depart (with full pockets) right now.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Manufacturing
Fetching latest articles