Anthony Heraghty Ousted as Super Retail Group CEO After Disclosure Concerns

The board of Super Retail Group has dismissed CEO Anthony Heraghty after deeming his disclosures regarding his relationship with former Chief Human Resources Officer Jane Kelly inadequate. The company, which operates popular Australian retail brands such as Rebel Sport, BCF, and Supercheap Auto, did not clarify the details of the unsatisfactory information. The decision was announced on Tuesday. Allegations of an affair between Heraghty and Kelly emerged in April 2024. These allegations were brought forward by Rebecca Farrell, the former chief legal officer, and Amelia Berczelly, the co-company secretary. They claimed they were subjected to threats and harassment after raising their concerns. Court documents indicate that Berczelly observed Heraghty and Kelly entering a Brisbane hotel lobby in June 2023, while another employee reported the CEO’s hand on Kelly’s thigh at a bar in 2022. David Burns, the Chief Financial Officer, has taken over as interim CEO. The company has cut all financial ties with Heraghty, including cancelling unvested incentives. The stock price decreased by 2.6% shortly after the announcement, prompting concerns from investors. Market analysts expressed surprise at the timing of the decision. This incident comes after a similar situation involving the resignation of Astronomer CEO Andy Byron and Chief People Officer Kristin Cabot due to a ‘kiss cam’ incident during a Coldplay concert.