Karoon chairman Bob Hosking confident

by Matt Chambers for The Australian

KAROON Gas Australia founder and executive chairman Bob Hosking says he is confident his board will prevail in the face of a campaign by activist shareholder Pegasus CP One to install new directors and change the big explorer’s strategy.

And the Karoon founder, who is getting close to appointing an independent chairman for the company he floated in 2004, said he planned to be managing director for only the next two or three years before taking on more of a mentor role. “We’re confident that we will have a positive outcome (at the AGM),” Mr Hosking said yesterday. Read more here.

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