Business
GWA boss resigns in surprise for market, board – The Australian Financial Review
The chairman says the company retains strong management after the CEO departed a job that earned him $1.7m last year.
Mr Salt is this financial year slated to assist acting chief executive Urs Meyerhans, who was brought in from outside and was last year head of the Asia-Pacific division for civil engineering outfit Tetra Tech.
The market took Mr Salts departure in its stride, with GWA shares up 1¢ at $3.06 at midday. Shares have recently pulled back from the mid to high $3 range with some analysts cautious that the stock was fully valued.
The departure announcement was a shock as Mr Salt had not flagged a resignation…
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