Austal chairman John Rothwell is weighing up his future with the ASX-listed shipbuilder as it confronts a trio of potential suitors, Street Talk understands.
Rothwell founded the $887 million Perth-based company in 1988 and has been with it since, steering the ship as its executive chairman until 2008 and non-executive chairman since. Sources said the 80-year-old is considering stepping down, ending 36 years at the helm.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
