The company has announced its long-serving CEO Jack Cooney will retire in March 2025, with a search now commencing for his replacement. The transition has been long anticipated, so this announcement should provide some clarity. The confirmation that trading is in line with FY24 expectations is also very welcome newsflow that highlights the shares’ attractive valuation currently, with a FY24E P/E of 10.3x and a very attractive 6.1% dividend yield.
