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Seven Group Holdings Limited ( (AU:SGH) ) has provided an announcement.
SGH Ltd announced the planned succession of Boral’s CEO, Vik Bansal, who will step down in early 2026 and join the SGH Board as a Non-Executive Director. Matt McKenzie, currently Executive General Manager, will become Chief Operating Officer to ensure leadership continuity. Under Bansal’s leadership, Boral has undergone a significant transformation with the ‘Good to Great’ strategy, improving operational and financial performance. This transition aims to maintain Boral’s growth trajectory and performance momentum in Australia’s infrastructure and residential markets.
The most recent analyst rating on (AU:SGH) stock is a Hold with a A$41.30 price target. To see the full list of analyst forecasts on Seven Group Holdings Limited stock, see the AU:SGH Stock Forecast page.
More about Seven Group Holdings Limited
SGH Ltd (ASX:SGH) is an Australian diversified operating company with leading businesses in industrial services, energy, and media. It owns WesTrac, Boral, and Coates, with significant shareholdings in Beach Energy and Seven West Media. Boral is Australia’s leading integrated construction materials business.
YTD Price Performance: 16.92%
Average Trading Volume: 442,022
Technical Sentiment Signal: Buy
Current Market Cap: A$21.79B
For an in-depth examination of SGH stock, go to TipRanks’ Overview page.