REBECCA URBAN The Australian
IS Gunns’ long-time honcho John Gay having a little trouble letting go? Despite succumbing to external pressures to appoint a new chief executive, chairman Gay is still very involved in the day-to-day running of the Tasmanian timber products group. Very, very involved.

A previous announcement by Gunns had suggested that Gay would maintain management responsibility for the development of the Bell Bay pulp mill project following the promotion of Greg L’Estrange to chief executive. However, an updated organisational chart sent to staff earlier this month reveals that Gay will also continue to oversee investor relations, major woodchip relations and expenditure relating to the woodchip business, roading and private property, while the company secretary will also continue to report to Gay. Meanwhile, L’Estrange will have responsibility for woodchips, timber, hardware and the company’s winery, Tamar Ridge Estates.

And he’s been tasked with putting together a small team to look at ways of improving the company’s transaction and reporting processes and evaluate its finance and administration structure.

But it seems that he’s not quite ready to tackle staff correspondence on his own. The memo was signed by both Gay and L’Estrange. Read more here