McPherson’s CEO and MD Brett Charlton has been charged with a violation taking place at his previous company IRExchange in 2018.
In a statement filed with the ASX, McPherson’s said the Australian Securities and Investments Commission (Asic) had recently charged Charlton with “a single contravention” of corporations law.
The firm stressed that the matter is unrelated to Charlton’s employment at McPherson’s and that he will remain focused on overseeing its transformation.
“Charlton has informed the McPherson’s board that he intends to defend the matter. The board will continually monitor developments and carefully consider any implications for the company,” it added.
According to the Australian Financial Review, Asic charged Charlton and two other former executives of grocery marketplace IRExchange over the company’s false or misleading documents. IRExchange collapsed into administration more than five years ago.
Charlton was appointed as CEO of McPherson’s in July 2023.
