James Hardie's controversial merger sees Azek CEO granted $30m payout
The chief executive of outdoor decking group Azek will be entitled to more than $30 million if the controversial $14 billion takeover by building materials giant James Hardie proceeds, new documents show.
The documents outline that the $US19.4 million ($30.1 million) payout will be made because Azek chief executive Jess Singh's role will become redundant if the merger is approved by shareholders in the United States next month.
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AU Financial Review
30-05-2025
- AU Financial Review
James Hardie's merger to deliver Azek CEO $30m
The chief executive of outdoor decking group Azek will be entitled to more than $30 million if the controversial $14 billion takeover by building materials giant James Hardie proceeds, new documents show. The documents outline that the $US19.4 million ($30.1 million) payout will be made because Azek chief executive Jess Singh's role will become redundant if the merger is approved by shareholders in the United States next month.
AU Financial Review
30-05-2025
- AU Financial Review
James Hardie's controversial merger sees Azek CEO granted $30m payout
The chief executive of outdoor decking group Azek will be entitled to more than $30 million if the controversial $14 billion takeover by building materials giant James Hardie proceeds, new documents show. The documents outline that the $US19.4 million ($30.1 million) payout will be made because Azek chief executive Jess Singh's role will become redundant if the merger is approved by shareholders in the United States next month.
