News Articles for Michael Smith

Nearly 70 Western Australians were recognised in the King's Birthday Honours list this year, with three appointed Officers of the Order of Australia for their distinguished service.

Perth advisory firm Azure Capital has been mandated to find a new owner for national convenience store chain 7-Eleven, which is chaired by Perth-based Michael Smith.

Our board moves wrap includes Richard Clayton, Tim Richards, Stephen Targett, Michael Smith, Andrea Hall, John Ciganek, and Eugene Nel.

Pioneer Credit has named US investment group Carlyle as preferred bidder to acquire the business, at a price of $1.82 per share, a large discount to the company's latest closing price of $2.46 per share.

Pioneer Credit has disclosed it is just days away from announcing a preferred bidder for the troubled financial services business.

Family-owned logistics company Lionel Samson Sadleirs has recruited former Automotive Holdings Group general manager David Cole as its new chief executive, while chairman Michael Smith has given no

SPECIAL REPORT: BGC Australia and Perron Group are going through changes that all family-owned businesses face, large or small.

Prominent local business figure Gene Tilbrook has been appointed deputy chairman of the Australian Institute of Company Directors.

SPECIAL REPORT: The number of women serving on company boards is slowly one the rise, but it's still rare to see a female take the chair, judging by Business News's analysis of Western Australian company directors.

Internet provider TPG Telecom has forecast a strong end to the financial year after its interim net profit nearly doubled, thanks to its $1.56 billion takeover of Perth-grown rival iiNet.

Former Skilled Group boss Angus McKay has been named chief executive of convenience store chain 7-Eleven, replacing Warren Wilmot who resigned from the role last September after revelations of franchise staff being underpaid.

Former iiNet chief executive David Buckingham has joined the executive team of education provider Navitas as chief financial officer.

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.

The final step in TPG Telecom's takeover of iiNet is due to happen today, when iiNet shareholders will be paid $9.55 per share, however, staff and customers face an uncertain future.

The Western Australian Cricket Association (WACA) has announced a $200 million redevelopment that will transition its ground to a 'boutique' venue designed to complement the new Perth Stadium, which will host all Big Bash League and major international matches.

iiNet chairman Michael Smith has welcomed an independent expert's review of TPG Telecom's proposed $1.6 billion takeover of the Subiaco-based internet services provider.

The fate of Perth companies iiNet and Amcom Telecommunications rests with Sydney competitor TPG Telecom and its reclusive chairman David Teoh, and possibly with the competition watchdog, after a day of surprises.

The March quarter was a quiet period for M&A transactions in WA, although the deals that were announced attracted their fair share of controversy. Click through to see details on 78 WA deals worth $2.4 billion.

Founder and minority shareholder of iiNet, Michael Malone, has emerged as another critic of the $1.4 billion agreed takeover of his former company, as chairman Michael Smith sought to defend the deal with rival TPG Telecom.

Sydney-based TPG Telecom and its competitor iiNet scored a rare double today after announcing a friendly takeover offer, with shares in both the bidder and its Subiaco-based target rising strongly as investors welcomed the combination as a logical strategic fit.

Some of Perth's top company directors and dealmakers, including Michael Smith, Ian Cochrane, Michael Ashforth and Tony Iannello have been recruited to help run prominent family companies.

Our inaugural Business Dynasties feature analyses WA's oldest family businesses, including some that have been running for more than 100 years, profiles Bob and Gavin Bunning 20 years after their family business was bought by Wesfarmers, and looks at the role of ‘outsiders' like Neil Hamilton, Michael Smith and Ian Cochrane in some of WA's most notable family enterprises. Also, see our new WA Business Dynasties list.

Synergy chairman Lyndon Rowe is confident Synergy's new board, which was boosted today with the addition of three members, will operate harmoniously.

The uncertain outlook for the state's power sector has triggered the departure of Tesla Holdings founding managing director Ben Tan.

Perth's first 7-Eleven convenience store is set to be located in the inner city, with a development application lodged for fit-out and signage at the McNess Royal Arcade in the Hay Street Mall.

Could Lyndon Rowe be an inspired choice to lead Synergy's next phase?

The head of the Economic Regulation Authority Lyndon Rowe has been appointed full-time chairman of Synergy.

Departing Synergy board member Keith Spence has told Business News the merger of Synergy and Verve had already delivered $70 million in savings.

Energy Minister Mike Nahan has confirmed the resignation of Michael Smith from the board of electricity retailer Synergy, a departure which coincided with the exit of three other board members.

Internet services provider iiNet has appointed David Buckingham as chief executive officer, filling the vacancy created by founder Michael Malone's departure almost four months ago.

Former New South Wales opposition leader John Brogden has been appointed managing director of the Australian Institute of Company Directors, after serving as chief executive of the Financial Services Council.

A range of sophisticated and institutional investors have been named as some of the major shareholders in financial services firm Pioneer Credit following its $40.2 million IPO.

Perth-based financial services group Pioneer Credit has outlined plans for a $40.2 million IPO, the largest by a Perth company in 20 months.

7-Eleven Stores has confirmed that it is expanding into Western Australia, as foreshadowed last month by Business News.

Perth-based financial services group Pioneer Credit is looking to raise more than $40 million with the sale of just over half the company through an IPO which will provide capital for the group to expand its debt purchasing.

A major international franchise chain is preparing the ground for an assault on WA's retail convenience sector.

iiNet founder Michael Malone has resigned as chief executive of the internet service provider, saying he wishes to dedicate his time to other passions.

SPECIAL REPORT: Former Verve Energy CEO Shirley In't Veld says when it comes to government-owned businesses, politics often wins out over commercial imperatives.

Verve Energy's Jason Waters will become chief executive of the new merged Synergy and Verve entity.

As acquisition opportunities become scarce, Perth ISP wants to sell more to its existing customers.