Webjet CEO Resigns Amidst Takeover Bids & Lawsuits

0:00WebJet's chief executive, Katrina Berry, just stepped down after less than two years on the job. She helped lead a big demurder from the Web Travel Group last year and set up a fresh strategy for the company. They also confirmed their full-year financial guidance is still on track through March 31st. This comes right after WebJet knocked back Takeover Bids last month, from Hello World at $0.90 a share, and BGH at $0.91. Shares tanked to 53 cents, but those suitors aren't backing off. They both now hold 18.3% stakes with Hello World, grabbing more just last month. Exec changes are piling up too. Berry's exit follows the online boss, David Galt, leaving end of this month, and last year they sacked former General Counsel, Megan Simpson. Analysts say this leadership gap hits at a rough time, and might give those buyers more leverage. Meanwhile, Simpson s firing a wrongful dismissal lawsuit in federal court, claiming bullying. Both sides have to hand over documents by April 20th, with a hearing set for December.

1:03WebJet says, demand stays strong for domestic trips and short-haul spots in Asia and the Pacific, even with global chaos. They're hunting a new CEO while wrapping up accounts for a May release, so watch this space for Takeover Twists. From your city, powered by AI, this is Sydney News Today. I'm Corey with The Story.