The chairwoman of James Hardie, Anne Lloyd, provides for annoyed investors at the company's coming annual meeting in the next month, as this warn analysts. It is expected that the uncertainty that injects the event in relation to the event in relation to the performance of the share gives additional volatility. James Hardie is a global building material company that is mainly known for fiber cement products and systems that are used in external and inner construction applications. It focuses on the production and sale of building materials.
Lloyd, who took on the role of chairman at the end of 2022, supervised the generally criticized takeover of AZEK, an outdoor decking company, the generally criticized acquisition of AZEK. It is one of the three directors of James Hardie, who are supposed to re -election at the annual meeting, which are intended for October 30. Investor concerns regarding the AZEK acquisition are at the top of the upcoming vote.
The Citi -Analyst Samuel Seow has not speculated about the potential result of the annual meeting. However, he increased the possibility that the company had to appoint a new chairman if the dissatisfaction of investors leads to a significant protest. This uncertainty adds a risk poetry for the building material giant.
Seow noticed: “Although this is usually not largely not events, in view of the first quarter and the latest investor concerns, we find an increasing probability of volatility with regard to governance.” The market will observe the annual meeting closely.