The Atlassian co-founder has attacked the track record of AGL’s board and the “very poor” demerger proposal, and said he was in it for the long haul to help lead the energy transition.
AGL Energy is determined to go ahead with the planned demerger despite Mike Cannon-Brookes purchase which has made the tech billionaire the company’s largest single shareholder. In an ASX listing on
Atlassian co-founder Mike Cannon-Brookes has purchased a massive stake in the country’s biggest electricity generator AGL in a move to block a demerger.
Mike Cannon-Brookes says AGL’s board needs to be held accountable for the sharp decline in the power giant’s share price under its watch, declaring it may need to be replaced after next month’s shareholder vote on the company’s future.