Shareholders in AGL Energy, Australia’s largest power producer, on Tuesday defied their board and approved all four directors proposed by the company’s top shareholder, tech billionaire Mike Cannon-Brookes.
Looking to boost his influence, Cannon-Brookes’ investment vehicle, Grok Ventures, proposed four candidates for AGL’s board: former Tesla executive Mark Twidell, former Energy Security Board chair Kerry Schott, John Pollaers and Christine Holman. “This represents another majority vote by AGL shareholders pointing to their desire for change, fresh thinking and more execution capacity to realise the potential of this great company,” a Grok spokesperson said in an emailed statement after the annual meeting.
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