PZ Cussons strips boss of retirement cash after conduct ruling

by


PZ Cussons strips boss of retirement cash after ruling his conduct had not been up to scratch

By Daily Mail City & Finance Reporter

Published: | Updated:

Payments: PZ Cussons boss Alex Kanellis

PZ Cussons has stripped its boss of retirement cash after they found his behaviour had not been up to scratch while he was in charge. 

The soap-maker found a series of payments during the several years that Alex Kanellis was in charge did not live up to the standards expected of a chief executive. 

The firm hired lawyers to look into allegations surrounding ‘a number of cash withdrawals and payments’ made by Kanellis, who retired in January. 

The board said his conduct ‘fell short’ and will not pay what he was due on retirement. 

Some links in this article may be affiliate links. If you click on them we may earn a small commission. That helps us fund This Is Money, and keep it free to use. We do not write articles to promote products. We do not allow any commercial relationship to affect our editorial independence.