John Heugh lost the vote, IMO, because share holders were offered the chance of a new MD that had just made a $5.7 billion deal for QGC, making its share holders very profitable, and the voting was for one or the other.
That's why they call him the messiah, and lightning striking twice, etc.
"The task falls to Mr Cottee, Central Petroleum’s bustling managing director who is best known for taking QGC from a $30m coal-seam gas explorer to the $5.7 billion company taken over by BG Group in 2008."
His future record will read something like , ... took over an O&G company, without doing an IPO, drilled nothing, went for gas, bought gas wells, but pulled out at last minute, while pipe lines being built, while doing a deal with MB, share price went from 50c to 20c, and got rid of 8000 share holders.
All this while looking after share holders' interests.
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