AWI shake-up as chair steps down from role
WAL Merriman has stepped down as chair of Australian Wool Innovation.
The beleaguered chairman announced his resignation from the role he held for 10 years.
He will remain on the board as a director.
AWI has appointed deputy chair Colette Garnsey the new chair.
It comes after more than a year of scrutiny on AWI and Mr Merriman, following a series of public relations disasters, and concerns over his governance and handling of proxy votes.
In September last year, it was revealed Mr Merriman secretly viewed an industry consultation through a one-way mirror, without the participants knowledge.
He was later recorded telling an ABC journalist to “f--off” when asked questions on the issue.
Internal investigations found these incidents did not breach AWI’s code of conduct.
However, there was increasing public pressure for Mr Merriman to resign.
In a statement, Mr Merriman said he was proud to have led AWI in a time of record investment in wool research and development, and a tripling in Aussie wool prices.
“Now is the time for new leadership to ensure AWI continues to deliver for its most important stakeholders — the woolgrowers of Australia.”
STEPPING DOWN: Wal Merriman has announced his resignation as the AWI chair.