article in the Australia. cultural issues? the fact he had been considering his position for some time while pumping things up at the AGM...
Magellan’s board irked by exited CEO’s style
Magellan Financial’s board raised concerns about Brett Cairns’ management style with the company’s chief executive shortly before his departure for “personal reasons”.
The Australian has confirmed concerns among directors of Magellan about Mr Cairns’ management style, despite the absence of any formal complaints from staff. At the time, Magellan said Mr Cairns was departing for “personal reasons” although he had been considering his position for some time.
Both Magellan and Mr Cairns – who has signed a nondisclosure agreement – declined to comment.
MFG Price at posting:
$19.81 Sentiment: None Disclosure: Not Held
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