Lindsay Maxsted’s pending departure from Transurban will draw a line under a corporate double act with chief executive Scott Charlton that has delivered 300 per cent returns to shareholders over 10 years.
It coincides with a changing of the guard at several leading companies that had successful chair-CEO partnerships, including Commonwealth Bank of Australia, Woolworths and Telstra.
The seven-year partnership between CBA chairman Catherine Livingstone and CEO Matt Comyn generated an 82.5 per cent return, and the combination of Gordon Cairns and Brad Banducci at Woolies saw shareholders enjoy a 166 per cent return over six years.
Measured on an annualised basis, Woolies stands out with a return each year of 16.25 per cent over six years, Transurban 14.76 per cent over 10 years and CBA 8.38 per cent over seven years.
The corporate duos exhibited a number of common elements including a striking difference in personalities, absolute clarity about their respective roles and a joint commitment to investing for growth.标签：Telstra, Transurban, Why leadership duos outperformed at CBA, Woolies