Serial chairman John Mullen has given his strongest indication yet that he will step away from some of his board commitments, which proxy advisors believe could lead to him stepping down as chairman at pallet supplier Brambles.
Qantas, Treasury Wine and Brambles chairman John Mullen has indicated he is in the process of reducing his board director commitments.At Treasury Wine’s annual general meeting on Thursday, a representative from the Australian Shareholders Association said Mullen was a capable but overloaded individual and queried whether he would commit to significantly reduce his workload.
Shareholder advisory firm Ownership Matters founder Dean Paatsch said Mullen was a quality director and investors were taking him on his word that he would be lightening his workload.