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- Wisr (WZR) announces Chair John Nantes’ two-month leave of absence
- Matthew Brown steps in as interim Chair to facilitate governance matters
- John Nantes emphasises his support for the board’s actions and commitment to transparent governance
- Wisr assures investors that Anthony Nantes’ termination does not involve financial irregularities or regulatory issues
- Wisr shares are down 3.23 per cent, trading at 3 cents at 12:33 pm AEST
Wisr (WZR) has granted its Chair, John Nantes, a two-month leave of absence at his request.
During his temporary absence, Matthew Brown, the current Audit and Risk Management Committee Chair will serve as company interim Chair.
Mr Nantes made it clear that his decision to take leave is driven by the recent termination of Anthony Nantes, his family member, as CEO, and ongoing related matters.
“Although I was not involved in the deliberations which led to Anthony’s termination due to our familial relationship, I support the actions taken by my fellow board members,” he said.
“In the interests of good and transparent governance and to allow for the efficient deliberation on and management of issues associated with Anthony’s tenure as CEO and his termination, I requested my board colleagues to grant a leave of absence.”
“The board appreciates John’s proactive approach in taking a leave of absence, to allow the board to address matters related to Anthony’s employment tenure and termination in an efficient and robust manner.” Mr Brown said.
Wisr assured investors that Anthony Nantes’ termination was not linked to any financial irregularity or regulatory contravention.
Wisr shares were down 3.23 per cent, trading at 3 cents at 12:33 pm AEST.
