API australian pharmaceutical industries limited

Ann: Retirement of Non-executive Director, page-2

  1. 595 Posts.
    ........intends to retire? And well thanked by the Board.

    Perhaps this little snippet from The Age sheds a bit more light on the "intention to retire". Even once retired, it seems some ex Politicians find it a little tricky to be up front and not spin away like a helicopter's blades........?

    From The Age today:-
    Former health minister Michael Wooldridge has been banned as a company director for more than two years but escaped harsher punishment over his role in collapsed retirement village scheme Prime Trust.
    The penalty was handed down on Tuesday in a judgment against five directors of the failed $500 million scheme.
    Other directors, including founder Bill Lewski, received longer bans, with Mr Lewski's lasting 15 years - the most of any of the scheme's directors.
    The ban handed down to Dr Wooldridge will force him to step down from two ASX-listed boards, including Australian Pharmaceuticals Industries (API), the company that owns Priceline and Soul Pattinson chemist chains, and the Vision Eye Institute.
 
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