A new chief executive with no Australian experience will spend years finishing Shayne Elliott’s signature projects. It’s a perilous sandwich for investors.
For the board of an ASX-listed company, one task stands above all others: get the appointment of the next chief executive right.
Do that, and almost everything else falls into place. Get it wrong, and you’ve signed up for at least five years of pain.
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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
