Australia: James Hardie has sacked its chief executive officer (CEO) Jack Truong following a course of behaviour in his interactions with 30 – 50 employees which ‘extensively and materially’ breached the company’s code of conduct. After executive chair Mike Hammes cautioned him to change his ways, Truong continued to behave in a manner not consistent with the code over a period of ‘several months.’ The company said that it hired a consultancy and external counsel to confront the issues arising from employees’ complaints, however “Sincere change did not occur.” It added that there were no allegations of Truong having committed discrimination.
Bloomberg News has reported that the former CEO said “I was blindsided by the termination and unequivocally reject the assertions.”
Truong took over as CEO in February 2019. 3M CEO Harold Wiens replaces him.
