executive News | The Market Online The Market Online – First with the news that moves markets. Breaking Australian stock market news, ASX 200 announcements and the latest ASX news today. Sun, 18 May 2025 23:36:43 +0000 en-US hourly 1 https://wordpress.org/?v=6.1.1 Domino’s Australia New Zealand chief to step down after 37 years https://themarketonline.com.au/dominos-australia-new-zealand-chief-to-step-down-after-37-years-2025-05-19/ Sun, 18 May 2025 23:36:36 +0000 https://themarketonline.com.au/?p=754361 Domino’s Pizza Enterprises Ltd (ASX:DMP) has told investors that head of its Australia New Zealand business, Kerri Heyman, will be stepping down later this year after 3 decades at the company.

Ms Heyman will leave her position as chief executive officer of the division in August, after 37 years with Domino’s, in roles which covered Australia, the United Kingdom and the United States.

She said the decision represented an important move for herself and the pizza giant.

“Working with Domino’s has given me some of the most rewarding experiences of my life — both professionally and personally — and I’ve developed lifelong friendships with passionate pizza people around the world,” he said.

“Since returning to Australia in 2023, I’ve been proud of the work we’ve done to strengthenoperations — from improving product quality and growing new occasions like lunch, todelivering stronger sales and profits for our franchise partners.

“Domino’s is now entering a new chapter, with a clear ‘Recipe for Growth’ in place forAustralia and New Zealand. With the business well positioned for the future, I feel confidentthis is the right time for me to open a new chapter of my own.”

Former franchise partner Greg Steenson has been appointed to the role of chief operating officer, Australia, effective immediately.

Domino’s has been trading at $25.20 per share.

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Woolworths merges retail businesses, reshuffles executive suite https://themarketonline.com.au/woolworths-merges-retail-businesses-reshuffles-executive-suite-2025-02-04/ Tue, 04 Feb 2025 00:12:17 +0000 https://themarketonline.com.au/?p=738290 Retail giant Woolworths Group Ltd (ASX:WOW) has made readjustments to its organisational structure – including the merging of three subsidiary brands into its retail wing – as well as appointing new executives to various parts of its food business.

Metro, red meat supplier Greenstock, and own-brand business Woolworths Food Company Retail will now become part of Woolworths Retail more broadly.

The latter division will be led by Annette Karantoni, who has previously led Woolworths’ supply chain business Primary Connect, and has 20 years of experience across the company.

Another shift will see Sally Copland return to New Zealand to become managing director of the company’s regional division in that country.

The changes at Woolies have been made in the wake of rising costs and an ACCC investigation into pricing claims also involving Coles (ASX:COL) – with the board saying changes to its Food leadership and structure have been made ‘to allow a greater focus on the areas that have the most impact for customers.’

Woolworths Group CEO Amanda Bardwell said the shifts had been made in consideration of the latter’s needs. “Our Woolworths Retail business is the cornerstone of our group and critical to our success,” she said.

“Getting it right for our customers starts with our team and we are taking the opportunity tosimplify the way we work to create the biggest impact for our customers.

“With Metro, Greenstock and Woolworths Food Company Retail moving into Woolworths Retail under Annette’s leadership, we will be able to enhance the role our retail food stores and own brand play in meeting the needs of our customers.”

Woolworths shares last traded at $30.17 – a rise of 0.43% since the market opened.

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Peninsula tracks down after crowning new CEO, managing director in staged succession plan https://themarketonline.com.au/peninsula-tracks-down-after-crowning-new-ceo-managing-director-in-staged-succession-plan-2025-01-06/ Mon, 06 Jan 2025 06:44:27 +0000 https://themarketonline.com.au/?p=733132 Peninsula Energy (ASX:PEN) today saw its shares drop by more than 5% after the company appointed a new managing director and chief executive officer as part of a staged succession plan.

George Bauk – who will be stepping into both roles from January 25 – will replace Wayne Heili, who confirmed he’d be stepping down at the end of last year, launching a ‘succession planning process’ from November 15.

Mr Bauk’s appointment caps a 30-year career working in management and project-leading roles in the uranium, rare earths, gold, lithium and graphite sectors, including executive positions with Thunderbird Resources (ASX:THB), PVW Resources (ASX:PVW), and Livium Ltd (formerly Lithium Australia).

He was also, for a long spell, managing director and CEO of Northern Minerals Ltd (formerly Northern Uranium) between 2010 and 2020.

Mr Heili – who will continue working with Peninsula as a technical advisor – said he was happy to be handing over the reins to someone of Mr Bauk’s experience, particularly in light of plans to restart operations at the Lance project in Wyoming.

“I have served as MD and CEO of Peninsula since early 2017 and I’m extremely proud of what the company has achieved during this time,” he said.

“We have built an exceptionally unified and innovative team, overcome challenges and maintained our focus to restart operations at Lance to place the company in a strong position for success and significant value creation.

“Through the restart of operations at Lance, Peninsula can now provide a secure andsustainable uranium supply for an energy-hungry, low-carbon future.”

Mr Bauk said he was pleased to be joining the company at such a critical time, as uranium prices have risen to US$75 per pound – an increase of 2.74% since the beginning of 2025.

“The uranium market is experiencing a remarkable resurgence, driven by the growing global demand for clean, reliable energy,” he said.

“As nations prioritise reducing carbon emissions and enhancing energy security, uranium’s role in fuelling nuclear power has become more critical than ever.”

At 16:25 AEDT, PEN shares were trading at $1.39.

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Iluka chairman Rob Cole steps down for health reasons https://themarketonline.com.au/iluka-chairman-rob-cole-steps-down-for-health-reasons-2024-12-13/ Thu, 12 Dec 2024 23:13:30 +0000 https://themarketonline.com.au/?p=730365 Iluka Resources Ltd (ASX:ILU)‘s Chairman and Non-Executive Director Rob Cole has stepped down today, one month after taking temporary leave for health-related reasons.

Mr Cole had been on Iluka’s board since 2018, overseeing changes such as the demergers of Detera Royalties and Sierra Rutile and – even more significantly – Iluka’s diversification into rare earths.

With more than 30 years of experience in the energy and resource sectors – working around business strategy and planning – Mr Cole came to Iluka as former Managing Director of Beach Energy, in addition to more than eight years of experience at Woodside Petroleum under his belt.

At Woodside, he had held several senior positions in commercial, corporate, and legal areas including Executive Director, Executive Vice President (Corporate and Commercial), and General Counsel.

Andrea Sutton – who’s stepping into the Acting Chair role while Iluka decides on a permanent Chair – reflected on Mr Cole’s presentation at the company’s AGM in May when he spoke of Iluka’s commitment to delivering sustainable results. She added, “His personal contribution to this commitment has been unwavering.”

Managing director and chief executive officer Tom O’Leary emphasised Mr Cole’s influence on the leadership team.

“Rob’s contribution at the board [sic] has always been of the highest calibre and I’m grateful for his support, particularly since taking the Chair role in 2022,” he said.

“All of us at Iluka are wishing him the very best for his recovery.”

At 12:12 AEDT, Iluka shares were at $5.14 – a rise of 0.19% since the market opened.

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