Business
Redman’s exit piles pressure on AGL – The Australian Financial Review
At age 50, Brett Redman is young enough to take on another CEO role after leaving AGL. But the damage caused by his shock departure could put a blot on his CV.
But Australia is getting used to messy CEO transitions such as what happened or is happening at Crown Resorts, Cleanaway, AMP, Boral, Westpac Banking Corp and National Australia Bank.
Whats unique about Redmans departure is that he developed a strategy that, in effect, blew apart his job.
While Redman is clearly leaving AGL in the lurch, there are some extenuating circumstances.
The plan to split AGL into a low-carbon energy retailer called New AGL with 4.2 million customers and a fossil-fuel-heavy…
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