Alumina chief quits

John Bevan is stepping down as Alumina's chief at the end of December after more than five years with the company. The article does not specify the exact reasons for his departure.

Peter Wasow, a current board member, will replace John Bevan as the chief of Alumina.

John Bevan faced a first strike against his $2.2 million pay packet in May, as investors felt the salary was too high for what some regarded as a 'post office' company that merely collected dividends.

A 'first strike' refers to a situation where a significant number of shareholders vote against a company's executive pay report, indicating dissatisfaction with the compensation levels.

John Bevan served as the chief of Alumina for more than five years.

A board member in a company like Alumina is responsible for overseeing the company's management, making strategic decisions, and ensuring the company acts in the best interests of its shareholders.

Some investors view Alumina as a 'post office' company because they believe it primarily collects dividends rather than engaging in more dynamic business activities.

While the article does not provide specific details, a leadership change can bring new strategies and perspectives, potentially impacting Alumina's operations and investor relations.