Australia's Steadfast hits near 3-year low as CEO steps aside amid workplace complaint probe

Steadfast

30/10/2025 23:45

** Shares of Austraia's Steadfast Group SDF.AX fall as much as 18.9% to A$5.03, their lowest level since mid-November 2022

** The insurance broker said on Thursday CEO and Managing Director Robert Kelly has decided to stand aside temporarily while an external investigation into a workplace complaint made against him progresses

** Co added board will provide further details once this investigation is complete, and has appointed Tim Mathieson, CEO of Australasian broking to the role of acting CEO

** Stock down 2.6%, YTD

 (Reporting by Shruti Agarwal in Bengaluru)

 ((Shruti.Agarwal@thomsonreuters.com))