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Joe Aston

Share sales portend Corporate Travel CFO's exit

When we revealed in December that Corporate Travel Management’s former group CFO Steve Fleming had sold 84 per cent of his holding (90,000 shares for around $1.9 million) in the company, it was clear the bloke was making like Usain Bolt for the exit.

Remember, 47 weeks into fiscal 2019, bearing down upon full-year results, Fleming was demoted and shipped off to the newly minted position of Europe CFO. From that point, “we presumed Fleming would enjoy his working holiday on the Continent and be keeping his eyes peeled for a new career opportunity”.

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Joe Aston helmed The Australian Financial Review's Rear Window column from 2012 to 2023. Connect with Joe on Facebook and Twitter.

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    Original URL: https://www.afr.com/rear-window/share-sales-portend-corporate-travel-cfo-s-exit-20200211-p53ztj