Leighton Holdings Ltd (ASX:LEI) investors are calling for the resignation of group chairman David Mortimer. That’s according to the Australian Financial Review.
The calls come in response to the company’s profit warning issued earlier in the week and allegations the board hasn’t fulfilled its stewardship duties. Leighton warned it expects to report a group loss of $427 million in 2011, rather than an after-tax profit of $480 million.
According to the AFR, several other investors have called for Mr Mortimer to stay on and help the company recover.
In the six months to 31 December 2010, Leighton Holdings generated a net profit of $218 million.
LEI Price at posting:
$24.93 Sentiment: None Disclosure: Held
