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Wikramanayake Steps Down as Macquarie CEO | Australia News
Description
Shemara Wikramanayake, Macquarie Group’s long-serving CEO, is stepping down after 40 years, leaving with a massive shareholding and a record $24–30 million annual pay package. Despite shareholder pushback—this year’s vote saw only 5% opposed, avoiding a “second strike”—her leadership was praised for steering the company through global crises. She’ll be succeeded by veteran Greg Ward. Meanwhile, activist shareholders criticize Macquarie’s continued financing of fossil fuels, arguing it undermines climate goals, while others defend the need for fossil fuels during the energy transition. The chairman acknowledges climate complexity but insists Macquarie’s strategy remains shareholder-focused.
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