GWA boss resigns in surprise for market, board
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Australian tap and toilet maker GWA’s chief executive, Tim Salt, surprised the market and his own board by revealing his resignation on Monday morning.
GWA described the departure of Mr Salt, 56, as an amicable resignation and one he has taken for personal reasons from a role that earned him $1.67 million last year.
Tim Salt, helping with transition this financial year.
James Alcock
The Australian Financial Review.
Mr McDonough also praised Mr Salt’s time at GWA, which makes products from $571 Dorf-branded rail showers to Caroma Smart Command systems for building managers, monitoring water usage in structures.