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CEO exits as Cleanaway battles ACCC on Suez
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Controversial Cleanaway chief executive Vik Bansal had his final day at the waste management group on Friday as analysts predicted the company would need substantial divestments to have any hope of being allowed to acquire rival Suez Australia’s $2 billion-plus business.
The proposed buyout of Suez Australia was the last major strategic move by Mr Bansal, who leaves after a “mutually agreed” decision on January 21 with the Cleanaway board following a deluge of allegations about the “culture of bullying and harassment” under his leadership.
He had been at the helm since 2015.