Investors revolt over Dwyer as AGL chair

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The board of the embattled energy supplier may be rethinking the proposed appointment of Paula Dwyer as chairman amid dismay among some major investors.

Some AGL shareholders did not welcome the news that Paula Dwyer was set to be appointed chairman.However, that has not been confirmed by AGL, despite a board meeting that was due to ratify the appointment on Wednesday.

An AGL spokesman would not comment on opposition from investors to the appointment, saying: “The process for appointing the incoming chair, as with any new director, is a responsibility of the AGL board and its nominations committee. AGL will provide further updates to the market as required.”

 

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