The chief executive of Super Retail Group – owner of Rebel and Macpac – has disposed of 176,893 shares in the company he leads, valued at around $2.65 million dollars.
Super Retail confirmed the news in an ASX update, adding that the changes give effect to Heraghty’s “obligations in connection with Orders in the Federal Circuit Court and Family Court of Australia.”
According to a news article by The Australian, it is believe that the trust in which the shares were held, A&G Heraghty Trust, was jointly owned with Heraghty’s former spouse.
This comes over a year after two former employees launched legal action against the company, as well as against Heraghty and the then-board chair Sally Pitkin.
Two months later, the former chief legal officer and company secretary of Super Retail Group, Rebecca Farrell, filed court proceedings. Her key allegation includes that Super Retail bullied and harassed her because she raised corporate governance breaches, including a conflict of interest on the part of the CEO by his alleged failure to disclose the nature of his relationship with the then-chief human resources officer, Jane Kelly.
Other allegations include the breaching of the Corporations Act, including the whistleblower provisions, the breaching of Super Retail’s own whistleblower policy, and the breaching of the company’s “contractual obligation to provide a safe workplace.”
Super Retail Group has rebuked the allegations, and is defending the claim.