Fahour leaves role as chairman and a director of Rip Curl
Surfersvillage Global Surf News, 3 March, 2014 - Australia Post chief, Ahmed Fahour, has stepped down as chairman and a director of Rip Curl. In a letter sent to Rip Curl staff, and obtained by Fairfax Media, Fahour said he had enjoyed his 10 years with the retailer but that good corporate governance and his other significant business commitments meant it was the right time ”to move on”.
Fahour said he would remain a shareholder in the privately owned company. According to Fairfax, Fahour’s personal stake in the company is believed to be worth about $2.5 million.