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Archive for August 2013


Good fundamentals, but CFO confidence slumps

Sixty-three per cent of chief financial officers expect revenue to rise in the next 12 months and say they are happy with the price and availability of debt, so why has confidence plummeted again?

WA energy watchdog plans annual debt reset

The West Australian energy regulator wants to recalculate the cost of debt for energy networks every year in the wake of a Senate inquiry that blamed high cost of capital allowances as a major reason for soaring energy prices.

ASX releases update to governance principles

Listed companies should have dedicated risk committees and say how they deal with environmental and social risks, or explain why they don’t, according to the first update since the GFC of the ASX’s corporate governance principles.

Boral’s US CFO steps up to group role

Rosalind Ng will start as building and constructions products manufacturer Boral’s new CFO on September 15, replacing Andrew Poulter who is leaving the company after three years for personal reasons.

Former Treasury finance chief moves to SCA

Treasury Wine Estates’ former CFO, Mark Fleming, moved to head finance at SCA Property Group on Tuesday.

Foxtel’s Tonagh to be News Corp Aust COO

Foxtel COO and CFO Peter Tonagh has been picked as News Corp Australia’s new chief operating officer, according to a report in The Australian.

Webjet CFO resigns after a year

Webjet has hired Probuild Construction CFO, Michael Sheehy as an interim finance chief to replace Rob Turner, who has resigned after just a year in the role for personal reasons.

Seven Group picks CFO from Downer

Seven Group Holdings has appointed Downer EDI’s deputy finance chief Richard Richards as its new CFO.

Coalition at odds with charities over national regulator

The Coalition’s plan to scrap the new Australian Charities and Not-for-profits Commission could re-introduce compliance costs on the non-profit sector, say peak charities groups and accounting bodies.

Recalculations reduce energy price spikes

The Australian Energy Regulator proposed a new method of calculating networks’ cost of capital which mean the energy price hikes of the past few years are unlikely to be repeated.

Gannon leaves Goodman for Mirvac

Property giant Mirvac Group has appointed Goodman Fielder chief financial officer Shane Gannon as CFO, starting in December, filling the spot left by Greg Dyer.

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