EXECUTIVE SUCCESSION – AUSTRALIA

Marks set to replace Gyngell at Nine

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Original article by Dominic White
The Australian Financial Review – Page: 29 : 2-Nov-15

Nine Entertainment Company is expected to announce that Media Venture Partners MD Hugh Marks will succeed CEO David Gyngell. Marks is a director of Nine, and his previous roles in the media industry include CEO of Southern Star and director of Nine Films & Television. Nine is also believed to be keen to retain Gyngell’s services in some capacity, which could include becoming a director or a consultant to the media group.

CORPORATES
NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, NINE FILMS AND TELEVISION PTY LTD, NINE NETWORK AUSTRALIA LIMITED, MEDIA VENTURE PARTNERS PTY LTD, SOUTHERN STAR CORPORATION, NETFLIX INCORPORATED, AUSTRALIAN COMMUNICATIONS AND MEDIA AUTHORITY, RGM ARTISTS PTY LTD, SOUTHERN CROSS MEDIA GROUP LIMITED – ASX SXL

Chairman, CEO quit 7-Eleven board

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Original article by Adele Ferguson, Sarah Danckert
The Australian Financial Review – Page: 4 : 1-Oct-15

Former Australian Institute of Company directors chairman Michael Smith will succeed Russ Withers as chairman of convenience store group 7-Eleven. Withers and CEO Warren Wilmot resigned on 30 September 2015. Smith believes that the problem of wage fraud is more far-reaching than just at 7-Eleven, and he favours an amnesty for international students who have been caught up in the scandal. He also suggests that visa rules could be changed to allow them to work for more than 20 hours a week.

CORPORATES
7-ELEVEN STORES PTY LTD, AUSTRALIAN INSTITUTE OF COMPANY DIRECTORS, FAIRFAX MEDIA LIMITED – ASX FXJ, AUSTRALIAN BROADCASTING CORPORATION

Iain Nairn leaves DJs abruptly, citing personal reasons

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Original article by Matthew Drummond
The Australian Financial Review – Page: 1 & 8 : 1-Oct-15

David Jones CEO Iain Nairn has declined to comment on his resignation after just over 12 months in the role. He will remain at the department store group during a three-month transition to new CEO John Dixon, who was previously an executive at Marks & Spencer in the UK. A spokeswoman for David Jones’s parent company, South Africa-based Woolworths Holdings, has refuted speculation that Nairn’s resignation was linked to an audit of expense accounts.

CORPORATES
DAVID JONES LIMITED, WOOLWORTHS HOLDINGS LIMITED, MARKS AND SPENCER PLC, COUNTRY ROAD LIMITED, CITIGROUP PTY LTD

Peter Warne to take ‘big gig’ at Macquarie

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Original article by Joyce Moullakis
The Australian Financial Review – Page: 17 : 25-Sep-15

Macquarie Group has appointed Peter Warne as chairman. He will assume his new role on 31 March 2016, replacing Kevin McCann. The Australian Shareholders’ Association is concerned that Warne will not be able to devote enough time to Macquarie, because of his many other commitments. Warne is chairman of ALE Property Group and OzForex Group. He also holds directorships at ASX Limited and the New South Wales Treasury Corporation.

CORPORATES
MACQUARIE GROUP LIMITED – ASX MQG, AUSTRALIAN SHAREHOLDERS’ ASSOCIATION, ALE PROPERTY GROUP – ASX LEP, OZFOREX GROUP LIMITED – ASX OFX, ASX LIMITED – ASX ASX, NEW SOUTH WALES TREASURY CORPORATION, MACQUARIE UNIVERSITY, AUSTRALIA. DEPT OF THE TREASURY. OFFICE OF FINANCIAL MANAGEMENT, CADENCE CAPITAL LIMITED – ASX CDT, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, ESANDA FINANCE CORPORATION LIMITED

Seven Group new boss set to take helm

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Original article by Max Mason
The Australian Financial Review – Page: 20 : 23-Jun-15

Seven Group Holdings’ incoming CEO Ryan Stokes will receive an annual salary of $A1.6m when he succeeds Don Voelte in July 2015. Stokes has been an executive director of the conglomerate since 2010, and became COO in 2012. His remuneration also includes both short- and long-term incentive plans. Voelte revealed his intention to step down in April.

CORPORATES
SEVEN GROUP HOLDINGS LIMITED – ASX SVW, SEVEN WEST MEDIA LIMITED – ASX SWM, WESTRAC HOLDINGS PTY LTD

Davis ready to take APN reins

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Original article by Max Mason
The Australian Financial Review – Page: 29 : 22-Jun-15

Australian Radio Network (ARN) CEO Ciaran Davis will succeed Michael Miller as CEO of parent company APN News & Media. ARN recruited Kyle Sandilands and Jackie Henderson for the rebranded KIIS radio station during Davis’s five-year tenure as CEO. Meanwhile, Miller will become executive chairman of News Corp’s Australasian division.

CORPORATES
APN NEWS AND MEDIA LIMITED – ASX APN, AUSTRALIAN RADIO NETWORK PTY LTD, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, KIIS1065, MIX-FM, 2DAY FM AUSTRALIA PTY LTD, SOUTHERN CROSS MEDIA GROUP LIMITED – ASX SXL

Woolies investors fear more pain before gain

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Original article by Sue Mitchell
The Australian Financial Review – Page: 1 & 12 : 19-Jun-15

Fund managers and shareholders are concerned about the possible actions that will be taken by the successor to Woolworths CEO Grant O’Brien in a bid to turn around its fortunes. These include reduced profit margins and asset writedowns. Ben Gilbert of UBS is concerned that Woolworths may seek to combat falling sales by instigating a grocery price war, while Sheridan Hure of Aurora Funds Management warns that Woolworths’ shares may keep falling.

CORPORATES
WOOLWORTHS LIMITED – ASX WOW, UBS HOLDINGS PTY LTD, AURORA FUNDS MANAGEMENT LIMITED, ALPHINITY INVESTMENT MANAGEMENT PTY LTD, COLES SUPERMARKETS AUSTRALIA PTY LTD, ALDI STORES SUPERMARKETS PTY LTD, NIKKO ASSET MANAGEMENT GROUP, EGON ZEHNDER INTERNATIONAL, STANDARD AND POOR’S (AUSTRALIA) PTY LTD, BIG W DISCOUNT STORES, MASTERS HOME IMPROVEMENT AUSTRALIA PTY LTD, DEUTSCHE BANK AG, MERRILL LYNCH (AUSTRALIA) PTY LTD

Cochlear looks to new CEO for kick-start

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Original article by Tim Binsted
The Australian Financial Review – Page: 15 & 20 : 27-May-15

Australian-listed Cochlear has advised that the head of its North American division, Chris Smith, will succeed CEO Chris Roberts in September 2015. Roberts has been CEO since 2004, and Cochlear has indicated that it wants to place more emphasis on lifting sales and revenue under Smith. He will join Cochlear in the role of deputy CEO on 1 July. Cochlear shares closed 1.4 per cent higher at $A88.66 on 26 May.

CORPORATES
COCHLEAR LIMITED – ASX COH, RESMED INCORPORATED – ASX RMD, MACQUARIE GROUP LIMITED – ASX MQG, NUCLEUS GROUP, SEEK LIMITED – ASX SEK, ATLASSIAN SOFTWARE SYSTEMS PTY LTD, AUSTRALIAN MANUFACTURING WORKERS’ UNION

Westpac nabs CBA’s Cobley for top role

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Original article by James Chessell, Sarah Thompson, James Eyers
The Australian Financial Review – Page: 18 : 27-May-15

Westpac has announced that Lyn Cobley will succeed Rob Whitfield as the head of its institutional banking division. Cobley is currently the head of retail products and third-party banking at the Commonwealth Bank of Australia (CBA). She had previously worked for groups such as Barclays Capital and Citigroup, and was regarded as a potential successor to CBA CEO Ian Narev. Whitfield will step down on 10 July 2015, after nearly three decades at Westpac.

CORPORATES
WESTPAC BANKING CORPORATION – ASX WBC, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, BARCLAYS CAPITAL SECURITIES LIMITED, CITIGROUP PTY LTD, ERNST AND YOUNG, TRADINGROOM PTY LTD, MACQUARIE GROUP LIMITED – ASX MQG, FAIRFAX MEDIA LIMITED – ASX FXJ, WESTPAC INSTITUTIONAL BANK, ST GEORGE BANK LIMITED

Westpac institutional banking head Rob Whitfield leaving

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Original article by James Chessell, Sarah Thompson
The Australian Financial Review – Page: 15 : 26-May-15

Westpac may appoint an external candidate to succeed the group’s head of institutional banking, Rob Whitfield, who is widely tipped to stand down. Whitfield has been in the role since 2007 and has been at Westpac since 1986. He had been in the running to succeed Gail Kelly as CEO earlier in 2015. Internal candidates to replace him are said to include Anthony Masciantonio, Rachel Slade and Terry Winder.

CORPORATES
WESTPAC BANKING CORPORATION – ASX WBC, WESTPAC INSTITUTIONAL BANK, ST GEORGE BANK LIMITED, LLOYDS BANKING GROUP PLC, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, ROYAL BANK OF SCOTLAND GROUP PLC, BANK OF QUEENSLAND LIMITED – ASX BOQ, PETER LEE ASSOCIATES PTY LTD, BT FINANCIAL GROUP PTY LTD