A boardroom reshuffle at James Hardie means Anne Lloyd will be chairwoman, with ex Bunnings executive PJ Davis to be an Aust-based director.
Building products group James Hardie says it will appoint a new chief executive within the next 30 days to end a marathon process to find a successor to former bossin January following an investigation into claims of bullying.
Mr Davis retired from Bunnings in 2018 after a 25-year career. His last position was managing director of Bunnings in the United Kingdom and Ireland, where parenton an ill-fated expansion into the British market. It tried to replicate the success of the dominant Australian hardware business but failed. Mr Davis had been the highly regarded chief operating officer of Bunnings in Australia for 15 years before he was entrusted with a key role in the UK expansion.
“His deep understanding of the retail and trade segments will be an asset to our board,” Ms Lloyd said.Ms Lloyd will take over at the head of the boardroom from Michael Hammes. Mr Hammes said the lengthy process to find a new chief executive was almost at an end. It comes as Macquarie says James Hardie shares are undervalued, with the group putting a 12-month price target of $59.80 on the stock. James Hardie shares gained 3.26 per cent in trade on Thursday on the ASX to close at $36.16.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Former Demon takes legal action against teammate over sharemarket lossJames Strauss alleges Joel Macdonald’s actions caused him to miss out on as much as $15 million from the sale of shares in the scandal-plagued GetSwift.
Read more »
New blow for Guy: Liberal media director Lee Anderson quitsMatthew Guy’s staffing woes have continued after his state opposition lost another senior staffer just three months out from the election. | sumeyyailanbey
Read more »
Coinbase shocker roasts crypto bullsCentral banks stoked then roiled crypto in a painful lesson for speculators on who controls markets as Coinbase lost $US1.1b in just three months.
Read more »
Korea Inc in $1b domestic gas play as Labor’s King backs LNG‘Without Australian resources, the world doesn’t have net zero’ says King, as South Korea’s Posco and Gina Rinehart invest $1billion to pump more gas domestically.
Read more »
Why Samsung expects its new folding phones to sell outSamsung has revealed new folding phones, new watches and new earbuds, all focused on eliminating problems found in earlier models.
Read more »
‘Stretched’: ADF distracted by natural disasters, Watt saysEmergency Management Minister Murray Watt is concerned the defence force could be stretched too thin by the cleanup burden of future natural disasters.
Read more »