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Hanwha settles into Austal cold war as shipbuilder swaps out chairman

Updated

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How’s this for extreme coincidence? The new chairman at ASX-listed shipbuilder Austal also happens to be the chairman of Joe Hockey’s advisory firm Bondi Partners.

As a former US navy secretary, Richard Spencer is perfectly suited for the job of navigating a company with deep and sensitive ties to defence officials in Washington DC and in Canberra.

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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at [email protected]
Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at [email protected]
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at [email protected]

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