(Reuters) -Australia’s Super Retail Group has dismissed Chief Executive Anthony Heraghty with immediate effect after the board found his disclosures regarding a workplace relationship to be inadequate, sending its shares sharply lower.

The sporting goods retailer said it received new information about Heraghty’s relationship with the company’s former chief human resources officer and concluded his prior disclosures “were not satisfactory”.

Shares fell as much as 7.13% to A$16.030 in early trade, making it the biggest loser on the benchmark S&P/ASX 200 index. The move was the steepest single-day percentage drop for the stock since February 20.

Heraghty, who had led Super Retail since February 2019, was paid A$3.3 million ($2.2 million) in total compensation in fiscal 2025, according to t

See Full Page