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Super Retail Group fired CEO Anthony Heraghty over undisclosed ties to a former HR chief, citing poor disclosures.
Super Retail Group has terminated CEO Anthony Heraghty after receiving new information about his undisclosed relationship with former HR chief Jane Kelly, citing unsatisfactory prior disclosures. The board concluded his statements were inadequate, leading to his dismissal. CFO David Burns has been named interim CEO as the company searches for a permanent replacement. The decision follows a prolonged legal battle involving former executives who alleged bullying, breaches of the Corporations Act, and retaliation for raising concerns. Super Retail Group has spent over $11 million on legal defense, with the case set for court next year. The company, which operates Rebel Sport, BCF, and Supercheap Auto, saw its shares drop significantly after the announcement.