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Cleanaway shares plunge after CEO’s surprise exit – Sydney Morning Herald
Vik Bansal said he was stepping aside because of the demands of his role, which included commuting from Sydney to Melbourne weekly.
Shares in $4.9 billion waste management operator Cleanaway plunged close to 13 per cent on Thursday after the surprise departure of chief executive Vik Bansal.
The company’s shares hit a low of $2.27, a drop of 12.7 per cent on Wednesday’s closing price, after the company confirmed in a statement to the ASX that chairman Mark Chellew would step into the executive chairman role while it searched for a new chief executive.
Cleanaway Waste Management chief executive Vik Bansal is stepping down. Credit:Eamon…
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