Rip Curl reshuffle

 

ripcurlAustralia Post chief, Ahmed Fahour, has stepped down as chairman and a director of surfwear company, Rip Curl.

In a letter sent to Rip Curl staff, and obtained by Fairfax Media, Fahour said he had enjoyed his 10 years with the retailer but that good corporate governance and his other significant business commitments meant it was the right time ”to move on”.

”In the corporate world, a term of 10 years by an independent director/chairman is generally considered a maximum under good corporate governance rules,” Fahour stated.

Fahour said he would remain a shareholder in the privately owned company. According to Fairfax, Fahour’s personal stake in the company is believed to be worth about $2.5 million.

Comments

1 comment

  1. Matt K posted on March 4, 2014

    Don't be surprised if Ahmed is the next CEO of the AFL. He has close connections at Carlton, and therefore Mike Fitzpatrick. Now Ahmed's now talking about other significant commitments. reply

Leave a Reply

Inside Retail Polls

Should GST be charged on overseas purchases?
Please answer below:

Inside Retail Directory

Twitter

7-Eleven will establish an independent panel to review pay allegations http://t.co/VyTLgvu4ue

10 hours ago

Furniture and homewares sales dropped 9 per cent last week http://t.co/F5MeOXnffd

13 hours ago

New organisation launched to demystify and declutter shopfitting http://t.co/KCSE5cuovS

14 hours ago
x

Get the latest retail news

Subscribe