New management team, page-4

These executive team appointments must be influenced by our largest shareholder Gilead Capital as they focus on Leadership Investing.

“New York-based Gilead is an investment manager that focuses on what it calls "leadership investing" which combines long-term value investing with "constructively engaging" with management teams and boards to elevate governance and returns.

Duke University's investment arm which manages a $US7.9 billion endowment, employee retirement pool and Duke University Health System's investments, has increased its holding to 6.2 per cent.

Sources suggested there may be cross holdings between Duke and Gilead.

Interestingly, Gilead ran an activist-style campaign against US radiation monitoring company Landauer which led to the investment group's co-founder and managing partner Jeffrey Strong getting a board seat in January.
Landauer has since been acquired by Fortive Corporation.”