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Australia’s Super Retail Fires CEO over Relationship Disclosure
Anthony Heraghty's undisclosed romantic relationship with the former HR chief led to workplace allegations, prompting Super Retail Group to terminate his employment immediately.
- Super Retail Group sacked CEO Anthony Heraghty on Tuesday morning over new undisclosed information about his relationship with former HR chief Jane Kelly.
- The board concluded Heraghty's prior disclosures were unsatisfactory after receiving this new information, prompting immediate termination and surprise about the timing.
- David Burns, the current CFO, was appointed interim CEO while the company begins searching for a permanent replacement amid share price pressure.
- Super Retail's shares dropped around 7% at Tuesday's open to $16.38, down 5.1% intraday and 7% over 12 months despite a recent 33% recovery from April lows.
- The board will thoroughly evaluate the consequences of Heraghty's termination and other related issues as the company reviews its stance regarding the ongoing Federal Court litigation.
14 Articles
14 Articles
Sydney Morning Herald
Super Retail boss Anthony Heraghty sacked over misleading the board
A year and a half after allegations of an undisclosed relationship, and amid other claims of misuse of company funds and a culture of workplace bullying, the $4 billion retailer has capitulated.
Australia’s Super Retail fires CEO over relationship disclosure
(Reuters) -Australia’s Super Retail Group has dismissed Chief Executive Anthony Heraghty with immediate effect after the board found his disclosures regarding a workplace relationship to be inadequate, sending its shares sharply lower. The sporting goods retailer said it received new information about Heraghty’s relationship with the company’s former chief human resources officer and concluded his prior disclosures “were not satisfactory”. Share…
Super Retail chief sacked after more details of alleged affair
Super Retail Group has sacked chief executive Anthony Heraghty with immediate effect after it discovered more information about an alleged affair he had with his former head of human relations, Jane Kelly, and the board believed his earlier disclosures on the matter were “not satisfactory”.
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