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' occurs when a significant number of shareholders vote against a company's executive remuneration report, indicating dissatisfaction with the pay levels.

In this context, a 'post office' company refers to a business that primarily collects dividends rather than actively engaging in more dynamic business operations.

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

Before becoming the chief, Peter Wasow was a board member at Alumina.

Investors reacted negatively to John Bevan's $2.2 million pay, leading to a first strike against his salary, as they felt it was excessive for the company's nature.