Steve Donohue, CEO of the hotels and liquor retailing group, has urged 30,000 staff not to be distracted, as 15 per cent shareholder Bruce Mathieson flexes his muscle.
Why it matters: Endeavour Group owns 354 hotels with 12,700 poker machines and a large liquor retailing arm with 266 Dan Murphy’s stores and 1435 BWS outlets.
Mr Mathieson owns 15 per cent of the company and his son, Bruce Mathieson jnr, is on the board of Endeavour, which owns 354 hotels, 266 Dan Murphy’s outlets and 1435 BWS liquor stores. “With our peak trade period ahead of us, now is the time to stay focused on supporting each other to deliver experiences our locals love,” Mr Donohue said.According to an October 9 letter by law firm Arnold Bloch Leibler, which is acting for Mr Mathieson’s entity, Jam Hotel Management Pty Ltd, the billionaire waging a proxy war against the board wants to inspect a number of documents.
Mr Donohue also acknowledged that Endeavour faced a “rigorous regulatory landscape” and that the company was on the front foot as regulators toughened their stance on gaming machines. Endeavour is the biggest poker machine operator in the nation.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Endeavour chairman Peter Hearl says major shareholder Bruce Mathieson is using ‘selective and incomplete’ information in his campaign for a shake-upPeter Hearl, chairman of Dan Murphy’s and hotels owner Endeavour, writes to shareholders hitting back at 15 per cent shareholder Bruce Mathieson.
Read more »
Mistrial declared in case of Sharon Graham, who is accused of murdering ex-partnerSharon Graham, 61, pleaded not guilty to the murder of Bruce Saunders in November, 2017.
Read more »
The Reckoning review – Steve Coogan is chillingly brilliant as Jimmy SavileCoogan captures the charm and creepy depravity of the notorious abuser. But this is a horrific tale most of us already know – and the BBC’s depressing drama adds little of value
Read more »
Productivity: Why this CEO avoids email and shuns morning routinesLiving with a bit of chaos breeds creativity, says Sarah Derry, CEO of Accor in the Pacific.
Read more »
Fortescue Energy CEO Mark Hutchinson fears business lacks ‘the will’ to urgently bring down emisionsFortescue Energy CEO Mark Hutchinson wants companies to bring forward their net zero emissions targets. Those with 2040 or 2050 horizons are not acting urgently enough.
Read more »
BHP CEO Mike Henry wants critical minerals reform, not sugar hit subsidiesBHP boss Mike Henry says governments will stoke investment more sustainably through policy reform than by handing out subsidies that distort markets.
Read more »