8chan/8kun QResearch AUSTRALIA Posts (2)
#13477544 at 2021-04-21 09:19:25 (UTC+1)
Q Research AUSTRALIA #15 - NEVER RETREAT FROM THE BATTLEFIELD Edition
Resignations in the news
John Osborne: Dreamworld CEO unexpectedly resigns
DREAMWORLD boss John Osborne has resigned as head of Ardent Leisure's theme parks division, effective immediately.
In a statement to the ASX Wednesday morning, Ardent said chief operating officer Greg Yong would step into the $550,000-a-year role.
The statement said Mr Osborne had agreed to consult to the company "on several projects considered to be of strategic importance for Ardent".
Long-time Gold Coaster Mr Yong has held the role of Chief Operating Officer of Ardent Leisure Theme Parks and Attractions (COO) since May 2019.
Ardent Chairman Gary Weiss said Mr Osborne was leaving for personal reasons.
"Since John's appointment as Chief Executive Officer of our Theme Parks and Attractions division in November 2018, he has overseen not only the resolution of the many legacy issues facing the business but also skilfully and expertly led the business through the significant challenges arising from the COVID-19 pandemic," Dr Weiss said.
"During his tenure, John has built an outstanding leadership team and positioned the business to restore value for Ardent shareholders over the coming years.
"We fully understand John's wish to spend more time with his family after such a tumultuous period, and we are pleased that he has agreed to remain as a consultant to Ardent to assist in the delivery of several significant projects that are currently underway.
"We are delighted that Greg has accepted the offer to become Chief Executive. Greg has substantial experience in the theme parks industry in Australia and overseas and has played a critical role, as a key member of the leadership team, in restoring the performance of Dreamworld and SkyPoint. We are confident that Greg will build on all that has been achieved in the business over the last few years".
Mr Osborne said his tenure had been "challenging and transformational".
"I believe it is an optimal time for me to hand the reins over to Greg so I can spend more time with my family," he said.
"I am incredibly proud of the fantastic leadership team that has been put in place over the last three years.
"Greg is an outstanding executive and leader, and I know that he and the team will build on the platform we have put in place and ultimately restore Dreamworld to its rightful position as the best and most successful theme park in Australia."
https://www.goldcoastbulletin.com.au/business/john-osborne-dreamworld-ceo-unexpectedly-resigns/news-story/3f14355f999aa8f79e3036c58bb63ed6
#9493322 at 2020-06-06 00:06:42 (UTC+1)
Q Research AUSTRALIA #8 - WE ARE THE CURE Edition
The Chinese property billionaire eyeing Cromwell, the owner of sensitive Canberra assets
It was a rainy day in early autumn and everyone was glued to their screens as the extraordinary general meeting took place in the Melbourne offices of law firm Arnold Bloch Liebler.
All eyes were on a putsch to oust the chairman of Cromwell Property Group and replace him with famed corporate raider Gary Weiss, a representative of Cromwell's largest shareholder, ARA.
Everyone, it seems, except for perhaps the most important man in this corporate manoeuvre: Chinese billionaire Gordon Tang, who didn't attend the meeting and left his vote up to the Australian custodians of his family's shares.
Tang is a man of great achievement, vast wealth and a chequered business history. The former professional windsurfer born and raised in the city of Shantou in the coastal province of Guangdong has amassed extensive holdings in property companies in his native China; Singapore, the place he now calls home; and the United States, where his closest connections include members of the Bush political dynasty.
But it's in Australia where his property portfolio is only just now beginning to attract scrutiny. Tang's profile is low in this country, but he and his family are now at the centre of one of the fiercest tussles in corporate Australia. It is the hostile battle for control of an ostensibly boring but actually fascinating $2.1 billion real estate trust that is intensifying just as concerns about Chinese investment into Australia reach fever pitch.
The stoush has pitted legendary woolly-haired corporate raider Gary Weiss and $90 billion Singapore property giant ARA against the previously unheralded ASX-listed Cromwell. Weiss' involvement in the battle has captured much of the media focus. But Tang and his wife Celine's wealth and power easily outstrip everyone else involved.
https://www.theage.com.au/business/companies/the-chinese-property-billionaire-eyeing-cromwell-the-owner-of-sensitive-canberra-assets-20200604-p54zp8.html