Sequoia calls in Takeovers Panel over shareholder dispute
Daily online news, analysis, feature articles, reports and business strategy geared to helping Australia's financial planners and advisers drive business growth
Stay updated with breaking news from Garry Crole. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Daily online news, analysis, feature articles, reports and business strategy geared to helping Australia's financial planners and advisers drive business growth
The stoush over who should control Sequoia Financial Group takes another turn as chief executive Garry Crole and non-executive director Kevin Pattison call upon the Takeovers Panel to intervene in their potential ousting.
Sequoia has applied to the Takeovers Panel regarding alleged unethical practice by a group of shareholders seeking to oust its chief executive.
Sequoia Financial Group will hold an Extraordinary General Meeting (EGM) in June that will consider a resolution to remove chief executive and managing director Garry Crole.
In an open letter, Sequoia chief executive Garry Crole has hit out against shareholders “with a personal axe to grind” as he fights for his job ahead of an EGM in June.