Australia's Super Retail falls to near 1-month low on CEO ouster

SUPER RETAIL

16/09/2025 03:11

Updates share moves, adds analyst comments

** Super Retail Group SUL.AX falls as much as 7.1% to A$16.03, its lowest point since August 20

** Stock marks its largest intraday pct fall since late-February

** Supercheap Auto owner terminates CEO and MD Anthony Heraghty with immediate effect; names current CFO David Burns as interim CEO

** Says board acted on new information about Heraghty's relationship with co's former chief HR officer, concluding his earlier disclosures were inadequate

** Morningstar, however, notes that Heraghty's dismissal is unrelated to operational performance, does not expect termination to materially affect co

** YTD, SUL gains 12.2%

 (Reporting By Sherry Philips)

 ((sherrymary.jacob@thomsonreuters.com;))