Former iiNet boss Michael Smith has replaced Russell Withers as chairman of convenience store chain 7-Eleven, while chief executive Warren Wilmot has resigned following revelations the company's franchisees had been underpaying their workers.
7-Eleven founder and chairman Russ Withers says allegations of staff underpayment by franchisees have challenged all levels of the company, and substantial changes will be made to its business model.
Former head of the Australian Competition and Consumer Commission Allan Fels will lead an independent panel to receive and review claims involving underpaid staff by franchisees of 7-Eleven.
BHP Billiton has launched legal action against Chinese takeover target FerrAus in the WA Supreme Court to stop FerrAus appointing an independent expert to determine the terms of a rail haulage agreement.
