CHIEF EXECUTIVE OFFICERS – AUSTRALIA – APPOINTMENTS AND RETIREMENTS

Super must do better for women: Corboy

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Original article by Sally Patten
The Australian Financial Review – Page: 16 : 16-Feb-15

The assets of the HESTA superannuation fund have increased from $A1.4bn to $A30bn during Anne-Marie Corboy’s 15-year tenure as CEO. The industry super fund for healthcare workers now boasts about 800,000 members. Meanwhile, Corboy says more action is needed to boost the retirement income of women, noting that the super system was not designed to take into account the fact that women typically spend more time out of the workforce than men. Corboy will retire in late February 2015

CORPORATES
HEALTH EMPLOYEES’ SUPERANNUATION TRUST AUSTRALIA LIMITED, THE ASSOCIATION OF SUPERANNUATION FUNDS OF AUSTRALIA LIMITED, UTILITIES TRUST OF AUSTRALIA, NETBALL AUSTRALIA, MOTHERS DAY CLASSIC FOUNDATION

End of an era for Primary Health Care as founder ‘Dr Ed’ Bateman retires

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Original article by Damon Kitney
The Australian – Page: 19 : 25-Nov-14

The 2014 AGM of Primary Health Care will hear that founder and MD Edmund Bateman is planning to retire soon, due to ill health. The medical centres as well as pathology and radiology services operator has engaged Sheldon Harris Management Consulting to identify a successor, and among the internal frontrunners are sons Henry and James Bateman. Their father has been at the helm for some three decades, and suffered his main setback when the acquisition of rival Symbion coincided with the start of the global financial crisis in 2008

CORPORATES
PRIMARY HEALTH CARE LIMITED – ASX PRY, SYMBION HEALTH LIMITED, AUSBIL DEXIA LIMITED, UBS HOLDINGS PTY LTD, LIBERAL PARTY OF AUSTRALIA, SWIMMING AUSTRALIA, SHELDON-HARRIS PTY LTD, RUSSELL REYNOLDS ASSOCIATES INCORPORATED, SPENCER STUART AND ASSOCIATES

American import to steer AGL through times of change

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Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 15 & 26 : 19-Nov-14

AGL Energy CEO Michael Fraser will be succeeded by Andrew Vesey in February 2015. Vesey will receive a fixed salary of $A1.9m a year, plus short- and long-term incentives. US-born Vesey is currently the COO of AES Corporation, and has previously been CEO of Australian electricity network company CitiPower. AGL chairman Jeremy Maycock says there are unlikely to be significant changes to the energy group’s executive ranks under the new CEO

CORPORATES
AGL ENERGY LIMITED – ASX AGK, AES CORPORATION, CITIPOWER LIMITED, ERNST AND YOUNG, MACQUARIE GENERATION, UBS HOLDINGS PTY LTD, ORIGIN ENERGY LIMITED – ASX ORG, ENERGYAUSTRALIA PTY LTD

Banking’s first lady

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Original article by Anne Hyland
The Australian Financial Review – Page: 40 & 41 : 14-Nov-14

The market capitalisation of Westpac has risen twofold to $A103bn under the leadership of outgoing CEO Gail Kelly, who took on the role in 2008. Kelly says the corporate culture that was developed at Westpac during her tenure is her greatest achievement in seven years at the helm, and she is particularly pleased that Westpac is now the leading Australian bank in terms of business and consumer satisfaction. Former Commonwealth Bank CEO Ralph Norris and Foreign Minister Julie Bishop are among those to have praised Kelly

CORPORATES
WESTPAC BANKING CORPORATION – ASX WBC, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, AUSTRALIA. DEPT OF FOREIGN AFFAIRS AND TRADE, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, ST GEORGE BANK LIMITED, FORBES INCORPORATED, THE GOLDMAN SACHS GROUP INCORPORATED, NEDBANK, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, COLONIAL GROUP, STATE BANK OF NEW SOUTH WALES LIMITED, ROYAL BANK OF SCOTLAND GROUP PLC, APPLE INCORPORATED, GOOGLE INCORPORATED

Maccas plans $1bn ‘gourmet’ makeover

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Original article by Glenda Korporaal
The Australian – Page: 19 : 3-Oct-14

Andrew Gregory, new CEO of McDonald’s Australia, says the fast food restaurants chain will invest $A1bn-plus by 2019 in an expansion strategy. The business has annual turnover of over $A4bn and 930 sites, set to increase to in excess of 1,000. In early October 2014 it is launching a new promotion during which customers can design their own hamburgers from 19 ingredients, using touch screens. Another new initiative, also being adopted by rivals, is home delivery

CORPORATES
McDONALD’S AUSTRALIA LIMITED, QUICK SERVICE RESTAURANTS HOLDINGS PTY LTD, SUBWAY SANDWICHES PTY LTD, SUBWAY SYSTEMS AUSTRALIA PTY LTD, SALSA’S FRESH MEX GRILL, SALSAS PTY LTD, RETAIL ZOO PTY LTD, GUZMAN Y GOMEZ PTY LTD, OPORTO PTY LTD, RED ROOSTER FOODS

GrainCorp chair hails CEO’s global expertise

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Original article by Andrew White
The Australian – Page: 20 : 13-Aug-14

Mark Palmquist has been appointed the new CEO of Australian-listed rural commodities trading group GrainCorp, meaning executive chair Don Taylor will now serve as chair only. The latter had succeeded Alison Watkins in late 2013. Palmquist is joining GrainCorp from his roles as vice-president and COO of the agriculture unit at US-based CHS, and Taylor says this background will be a major benefit in implementing a new strategy at GrainCorp. The company is considering acquisitions, and has spent $A10m on a 10% holding in Egyptian client Five Star Flour Mills

CORPORATES
GRAINCORP LIMITED – ASX GNC, COCA-COLA AMATIL LIMITED – ASX CCL, CHS INCORPORATED, FIVE STAR FLOUR MILLS, ARCHER DANIELS MIDLAND COMPANY, AUSTRALIA. DEPT OF THE TREASURY

iiNet says NBN key to its growth

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Original article by David Ramli
The Australian Financial Review – Page: 13 & 20 : 1-Aug-14

The newly appointed CEO of iiNet, David Buckingham, has unveiled his plans for the group. He would like the Australian-listed ISP to expand in the business technology and mobile service markets. Buckingham also wants the company to be more active in the roll-out of the national broadband network. The company has about one million subscribers and a market capitalisation of $A1.23 billion

CORPORATES
IINET LIMITED – ASX IIN, NBN CO LIMITED, SINGAPORE TELECOMMUNICATIONS LIMITED – ASX SGT, SINGTEL OPTUS PTY LTD, ASX LIMITED – ASX ASX, GOOGLE INCORPORATED, M2 GROUP LIMITED – ASX MTU

Challenge for Helloworld chief

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Original article by Lisa Allen
The Australian – Page: 21 : 24-Jul-14

Helloworld has been named "Best Travel Agency Group" by the Australian Federation of Travel Agents. However its rebranding of the Harvey World Travel, Travelscene, Jetset Travel and Travelworld networks it owns has meant the likely loss of 100-plus individual agencies unhappy at the change. This has forced Helloworld to warn of a 2014-15 EBITDAI decline, by as much as $A10m. Recently appointed CEO Elizabeth Gaines, who sits on the board of Fortescue Metals Group as well, is confident the share price will recover after falling to $A0.26

CORPORATES
HELLOWORLD LIMITED – ASX HLO|FORTESCUE METALS GROUP LIMITED – ASX FMG|THE AUSTRALIAN FEDERATION OF TRAVEL AGENTS LIMITED