AGL demerger 'on track' despite shock CEO exit

AGL demerger ‘on track’ despite shock CEO exit
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The sudden departure of AGL Energy chief executive Brett Redman has not derailed plans to split the $5.6 billion power provider in two, with interim boss Graeme Hunt reaffirming the logic driving the move.
Mr Hunt told the Macquarie Equities Conference on Tuesday that AGL was on track to outline the finer details of its planned demerger by June 30, adding that the company would seek shareholder support to execute the move “as soon as possible”.

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