Cavalier Corp shareholder questions $470,000 termination payment to former CEO

Mon, 23 Nov 2015

By Fiona Rotherham Nov. 24 (BusinessDesk) - A shareholder in carpet manufacturer Cavalier Corp has questioned the large termination payment made to former chief executive and managing director Colin McKenzie after the company reported its worst loss in history, stopped paying dividends, and sold assets, to try to turn around the company. McKenzie resigned from his role in May this year, replaced by former chief financial officer Paul Alston, initially as interim chief executive, and now confirmed this month in the role. The company’s a...

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