Latest Boardroom Shifts News

Argenica Therapeutics reported a 16% reduction in half-year losses to $1.19 million, buoyed by a 29% increase in other income largely from R&D tax incentives, as it advances its neuroprotective drug development.

CSL Limited posted a robust half-year performance with NPATA rising 5% at constant currency, driven by strong growth in CSL Behring and CSL Vifor despite challenges in its influenza vaccine segment. The company reaffirmed its FY25 guidance, anticipating double-digit earnings growth.

Coolabah Metals Limited is undertaking a $3-4 million capital raise to fund the acquisition of Broken Hill Mines Pty Ltd and its subsidiary, aiming to re-list on the ASX and focus on developing the Rasp and Pinnacles Mines.

Incitec Pivot Limited confirms its FY25 outlook remains steady despite operational hurdles at Phosphate Hill and a CFO transition, while progressing key strategic separations.

Summit Minerals appoints Dr. Matthew Cobb as CEO to accelerate development of its Equador Niobium and Rare Earth Elements Project in Brazil, while reshuffling leadership to bolster operational focus.

Acrux Limited announces the retirement of CEO Michael Kotsanis after more than 10 years at the helm, with a search underway for his successor to lead the next phase of growth.

Agrimin Limited has initiated a strategic review of its Mackay Potash Project in response to challenging capital markets, scaling back operations and announcing key leadership changes.

Hotel Property Investments has announced significant leadership changes following increased shareholding by Charter Hall and Hostplus, signaling a strategic pivot for the property investment firm.

360 Capital Mortgage REIT reported a solid half-year profit increase to $1.34 million and launched a strategic capital raising to grow its senior loan investments. Distributions rose notably, reflecting confidence in its expanding loan portfolio amid rising interest rates.

PEXA Group Limited announced the resignation of its Australian CEO, Les Vance, effective February 21, 2025, marking a significant leadership change for the digital property exchange giant.

REA Group announces CEO Owen Wilson will retire in the second half of 2025, concluding a decade marked by strong growth and innovation. The board has commenced a search for his successor to ensure a seamless leadership transition.

Midway Limited’s shares have been suspended from trading following Federal Court approval of its acquisition by River Capital’s RCM BidCo Pty Ltd, marking a pivotal moment for the timber producer.