Business
Boral could be the turnaround story of the year – The Australian Financial Review
The building products group now has the sort of governance it missed when it made the US acquisition that cost shareholders $1.2 billion. Now it is up to the new CEO to deliver a turnaround.
Boral has been the subject of shareholder activism, in its broadest sense, from Seven Group, John Wylie’s Tanarra Capital, Paul Skamvougeras at Perpetual Investments and and Sandon Capital’s Gabriel Radzyminski.
There appears to be a consensus among this disparate group that Boral should divest its American business and focus its efforts on its Australian operations.
On Monday, Fagg announced the appointment of four new non-executive directors former CSR chief executive Rob Sindel, former Auri…
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