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Webjet CEO Katrina Barry Resigns as Takeover Pressure Builds

The leadership change heightens pressure from major shareholders.

Overview

  • Webjet said chief executive Katrina Barry resigned less than two years into the role.
  • The company reaffirmed full-year guidance and said Barry will help finalize accounts ahead of results due in May.
  • Helloworld and BGH were rebuffed after indicative offers of 90¢ and 91¢, yet each now discloses an 18.3% stake.
  • Shares trade near 53¢, and an RBC analyst warned recent executive exits risk a leadership gap that could aid the suitors.
  • A Federal Court case by former general counsel Meaghan Simpson moves to document discovery by April 20, with a hearing set for December.