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    Executive shake-up

    This Month

    Global X chief executive Evan Metcalf will step down from his role after two years at the top.

    Portfolio head exits ETF powerhouse Global X as departures mount

    Street Talk understands head of portfolio management Cliff Man is on his way out the door after more than a decade with the firm.

    • Sarah Thompson, Kanika Sood and Emma Rapaport
    Afterpay co-founder Nick Molnar.

    Nick Molnar to step up at Block, will report to Jack Dorsey

    On the three-year anniversary of Afterpay’s blockbuster sale to Block, its founder Jack Dorsey has promoted Nick Molnar to head of sales.

    • James Eyers
    Cbus chief executive Kristian Fok.

    Another Cbus exec bites the dust

    Street Talk understands Natalie Hannemann, Cbus chief of transformation has walked away from the $94 billion fund less than a year into the role. 

    • Sarah Thompson, Kanika Sood and Emma Rapaport

    July

    Natalie Davis, Woolworths head of supermarkets, is taking the top job at Ramsay Health Care on October 1.

    Woolworths seeks to fill two top exec jobs with exit of Davis

    As outgoing chief executive Brad Banducci hands over to his successor Amanda Bardwell she will start to get her team in place.

    • Carrie LaFrenz
    New Ramsay Health Care boss Natalie Davis joins from Woolworths, where she runs its Australian supermarkets.

    Why Australia’s No.1 hospitals business poached a supermarkets boss

    Ramsay Health Care chairman David Thodey is trading in deep industry knowledge and expertise for a consultant’s mindset. Will it work?

    • Anthony Macdonald
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    Natalie Davis, Woolworths head of supermarkets has resigned, taking the top job at Ramsay Health Care.
Supplied

    Woolworths in leadership limbo after exec becomes Ramsay CEO

    After missing out on the CEO role at the retailer, Natalie Davis will take over from long-serving Ramsay boss Craig McNally who will step down next year.

    • Carrie LaFrenz
    Sacha Laing.

    Adore Beauty hires ex-General Pants CEO to lead recovery

    After selling General Pants to Richard Facioni’s Alquemie Group, Sacha Laing has jumped ship to run the online beauty company.

    • Updated
    • Carrie LaFrenz
    Lachlan Murdoch has officially taken control of his father Rupert’s media empire.

    Rupert Murdoch’s secret family battle for his empire’s future

    The media baron has moved to change the family’s irrevocable trust to preserve his businesses as a conservative force. Several of his children are fighting back.

    • Jim Rutenberg and Jonathan Mahler
    Andrew Forrest is promising a leaner, meaner Fortescue. But who’s listening?

    Fortescue’s hydrogen back-flip fails to become sugar hit it should be

    One of the issues hanging over the miner is partly gone. So why aren’t fund managers jumping in? They may be more concerned by the company’s other big problems.

    • Anthony Macdonald
    Big plans: Nik Kemp

    Dexus poaches AustralianSuper’s infrastructure tsar Nik Kemp

    It is the biggest hire so far by the company’s new chief executive, Ross Du Vernet, who took over the top post from long-serving Darren Steinberg this year.

    • Nick Lenaghan
    David Willis heads Alvarez & Marsal’s Australian arm.

    Alvarez & Marsal lifts EY team to spearhead entry into valuations

    The trio have been tasked with building a presence in the local valuations sector, and Stewart has been appointed to run the unit.

    • Sarah Thompson, Kanika Sood and Emma Rapaport
    Richard Fennell will take over as Bendigo and Adelaide Bank’s CEO.

    Bendigo Bank names new CEO

    Marnie Baker is bowing out after six years at the helm of the regional lender, elevating Bendigo’s chief customer officer Richard Fennell to be its next CEO.

    • James Eyers

    Why underperforming executives need to be worried

    It’s about doing more with less and finding leaders who can operate in that environment, says the managing partner at an executive search firm.

    • Euan Black
    Nick Hawkins, IAG’s CEO

    Simpler, predictable earnings this year’s equity market story

    Fewer shocks and more bankable businesses, that’s what is in fashion with investors this year. The list of companies trying to dish it up is growing.

    • Anthony Macdonald

    June

    Former Origin Energy boss Grant King will succeed Jerry Maycock as chairman of Transgrid.

    Grant King to succeed Jerry Maycock as Transgrid chairman

    The changeover at the helm of the NSW grid owner comes as the build-out of the transmission system has become a major stumbling block to the energy transition.

    • Angela Macdonald-Smith
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    Other company directors are looking at National Australia Bank chairman Phil Chronican and his board for lessons on CEO Ross McEwan’s succession.

    The key person in NAB succession wasn’t the new CEO

    National Australia Bank’s handover to new CEO Andrew Irvine is being held up as the new gold standard in succession planning. Chairman Philip Chronican explains how it went down.

    • Anthony Macdonald
    Virgin Australia has streamlined its operations, but is in danger of becoming squeezed between premium services and budget carriers.

    Virgin IPO may not fly for next boss

    There are plenty of big questions for the airline’s next chief executive – including what the carrier will look like, and how it will be owned, in the long run.

    • Updated
    • Ayesha de Kretser
    Gill McLachlan ran the AFL until last year. He was appointed Tabcorp’s chief executive on Monday.

    Former AFL boss Gillon McLachlan takes on ‘legacy brand’ Tabcorp

    He arrives at the company in the midst of a painful transformation and after the departure of Adam Rytenskild, who was being investigated for offensive language.

    • Updated
    • Zoe Samios

    Judo Bank poaches APRA’s top bank supervisor

    Renee Roberts, who led the prudential regulator’s bank supervision teams, will from September join one of the companies she monitored as chief risk officer.

    • James Eyers
    Julie Shuttleworth has quit Fortescue after 11 years in senior management and executive roles.

    Forrest lieutenant Julie Shuttleworth exits Fortescue after a decade

    Her departure adds to the growing list of executives who have left Fortescue recently. Ms Shuttleworth said she was leaving to spend more time with her family.

    • Brad Thompson and Peter Ker