Major Ardent Leisure shareholder Ausbil Dexia says it has questions for the company's board following the shock appointment of a new chief executive, which saw...

Major Ardent Leisure shareholder Ausbil Dexia says it has questions for the company's board following the shock appointment of a new chief executive, which saw the share price tumble 28 per cent in a day.... Ausbil Dexia's Paul Xiradis, one of Australia's best-performing active equity fund managers, said the appointment was a surprise and wanted answers about the way it was suddenly announced. The appointment of a new chief executive, which has not had direct experience and has never managed a listed company, was a surprise and I can understand the reaction... The market shoots first and ask questions later. From our point of view there are still some questions to be asked, he said. Mr Xiradis said he still backed the company which offered good yield and earnings growth and was expanding in the United States. (VIEW LINK)


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