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…
-
Business22 hours ago3 ASX 200 shares set to dominate the next decade
-
Business9 hours ago3 of the best ASX shares to buy with $5,000
-
Business23 hours agoASX 200 or ASX 300? Here’s the index fund that comes out on top
-
General14 hours agoFormer Russian President Dmitry Medvedev issues warning over Ukraine escalation