Boral

It’s hard to judge Mark Selway’s two-year stint as chief executive of Boral a success. He left the company in May 2012 with net debt of $1.5bn, the same as when he arrived, despite a $490m capital raising early in his tenure. Selway did little to improve Boral’s reputation as a money pit. The company spent $514m of shareholders’ funds on acquisitions in 2012, and another $409m on capital expenditure. No wonder dividends have been cut from 34 cents a share in 2007 to just 11 cents last year. To avoid another capital raising, new chief executive Mike Kane...

It’s hard to judge Mark Selway’s two-year stint as chief executive of Boral a success. He left the company in May 2012 with net debt of $1.5bn, the same as when he arrived, despite a $490m capital raising early in his tenure.

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