SEARCH
ASX boss Elmer Funke Kupper has resigned as the federal police investigate his former role as chief executive of Tabcorp.
Mr Funke Kupper, who has served as the chief executive of the ASX since October 2011, stepped down amid an investigation into his time at Tabcorp.
“The ASX board accepted that Elmer wanted to direct his full focus to the investigations which may be made into the Tabcorp matter,” ASX chairman Rick Holliday-Smith said.
“Elmer has demonstrated leadership and energy during his time at ASX. He hands over a stronger team and a core franchise well-positioned for future opportunities.”
Mr Funke Kupper served as the chief executive of Tabcorp in 2009 when a $200,000 payment was allegedly made to the family of Cambodian Prime Minister Hun Sen.
It came at a time when the company was attempting to gain an online gambling licence in the country, The Sydney Morning Herald reported.
Mr Holliday-Smith will assume the role of chief executive until a replacement is found.
Read more:
Treasury releases fintech statement
Industry can do better on conflicts: ASIC
Super funds tread water in February
Superhero has banked $15 million as it moves towards making good on its ambitious plan to transform the future of investing and superannuati...
Mawson Infrastructure Group has inked a deal with Quinbrook Infrastructure Partners to launch Australia’s largest bitcoin mine in northe...
The restructure of IOOF following its acquisition of MLC will result in a name change to Insignia Financial. ...
Get notifications in real-time for staying up to date with content that matters to you.
Read More
